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Discover Ludwig"debt adjustment" is correct and usable in written English.
You can use it when you are talking about arrangements to modify the repayment amount or terms of a debt. For example, "I just negotiated a debt adjustment with my credit card company to reduce my monthly payments."
Exact(17)
The Debt Adjustment Act of 1923 was designed to adjust farmers' debts to a level that they could actually pay, thus allowing them to carry on while still ensuring that creditors received as much as was feasible.
Margin debt adjustment.
Funding debt adjustment.
Farmers began to demand the extension of the Debt Adjustment Act over the entire province, along with more radical measures.
Even as he rejected the radical solutions posed by others, Brownlee had no solutions of his own to offer but government thrift and moderate debt adjustment.
At Brownlee's instigation, the Greenfield government had implemented a Debt Adjustment Act, which allowed farmers in Alberta's drought-stricken southeast to access credit counselling services and provided a way to settle creditors' claims without ruining farmers or resorting to litigation.
Similar(41)
UK net debt, OBR.
"A debt is a debt," Justice Scalia said in response.
Having bought the debt, Rolling Jubilee will then forgive it.
The reduction affects $5 billion of Nortel debt, Moody's said.
The leading seller of debt, Merrill Lynch, has sold $193 billion.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com