Debt resolution is the process of negotiating and settling outstanding debts with creditors to reduce the overall amount owed or create a manageable repayment plan. It typically involves working with a debt resolution service or financial advisor to help individuals or businesses explore options such as debt consolidation, settlement, or restructuring. The goal is to relieve financial stress, restore financial stability, and avoid severe consequences like bankruptcy or asset loss. By addressing debts in a strategic way, debt resolution can lead to more affordable payments, a clearer path to financial recovery, and ultimately, the opportunity to regain control of one’s finances.