"Debt adjusting" means the managing, counseling, settling, adjusting, prorating, or liquidating of the indebtedness of a debtor, or receiving funds. Bankruptcy treats secured debt differently than unsecured debt.Understand what they are and what your responsibilities are before you file. Fill in the name of the person or entity asserting a claim and the name and address of the person who should receive notices issued during the bankruptcy case. This page provides an overview of the distinct types of debt and borrowing available to local governments in Washington State. LATE CHARGE: If Holder receives any installment payment more than. In this article you will find debt relief programs in Washington and learn about the statute of limitations, and debt collection laws. Payments to certain secured creditors (i.e. All collateral must secure the guaranteed loan. Servicers with discharged loans in other states should take note.