Passive Debt

Passive Debt

A debt that a creditor is not actively trying to collect, and on which the debtor is making no payments. Passive debts eventually may be written off.
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In Dorrian, the court held that passive debt buyers are not debt collectors, and, therefore, they need not be licensed by the state's Division of Banks to place defaulted debts with licensed collection agencies or Massachusetts attorneys for collection purposes.
It says that having many sources of borrowing requires a new, more active approach to debt management that contrasts with the passive debt management approach adopted since Zambia was granted debt relief about ten years ago.
It is simply to ensure the transition from a passive debt management to an active and dynamic management, through an updated roadmap.
Section IV discusses the arguments in favour of passive debt management, taking first into consideration `directional' or speculative debt management strategies.
This is simply to ensure the transition from a passive debt management into an active and dynamic management, through an updated roadmap, "he added.
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