Debt Relief

Credit settlements are jointly inputted to the same terminal unit, there is no require for in addition inputting the information on the charge incurred by the reservation and ticketing, in order for credit adjustment to be settled. Moreover, where ticketing is effected on the basis of the credit settlement, a clear-off bill may be issued as evidence for accurate effectuation of the credit settlement. 1 is a schematic block diagram showing the overall construction of a credit settlement and ticketing terminal system according to an embodiment of the invention. 2 is a functional block diagram useful to give details the functions of an operation control desk of a terminal. 3 is a block diagram for explaining the function of a printer. 4 is an enlarged diagram showing an operation key part shown in fig.

Credit settlements are not only dispersed about in various laws but also have no clear standards regarding the distribution order among the various creditors who are acknowledged to have priority rights. "Furthermore, even after the priority order of allotment has been decided, in the allocation procedure according to the substantive law, there is no general regulation regarding the actual allocation of the sum of money between the creditors that have partaken in the sum of the money from the sale of the said object. Therefore, in the case where there are changes in the allocation order, the contents of the proceedings are very multifaceted such as where the allotment money is decided by a proportional absorption method where a priority creditor gets the money after a proportional division is carried out. ""it is the intention of this paper to examine into the regulations of the substantive law regarding allocation order in the event of an auction first then will go on to look deeper into the beginning and aftermath of the credit amount that is allocated out from the allocated money as well as the priority order between each creditors who had participated in the auction procedure.

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