take a haircut v. phr.— «The intent of such sessions is to identify what creditors will settle for. “But there was no goal seeking,…other than that everyone wanted 100 cents on the dollar. I think that nobody wanted to accept...
max up v. phr.— «He said he was “maxed up” on all his credit cards. There was no shame in his voice. In fact there was a certain pride. He seemed to think it was pretty cool to be in debt; “live life to the max”...