Debtor Protection

Debtor protection refers to legal measures and rights designed to help individuals or businesses that owe money manage their debts and avoid unfair treatment by creditors. This protection can include bankruptcy laws, which allow debtors to reorganize or discharge their debts, preventing creditors from seizing essential assets or income. Additionally, consumer protection laws safeguard against aggressive collection practices, ensuring fair treatment. Ultimately, debtor protection aims to balance the rights of creditors to collect debts with the need to support debtors in financial distress, allowing for a fresh start and financial rehabilitation.