Who counts as a debt adjuster and related terms

As used in this chapter: "Debt adjuster" means a person who for a profit engages in the business of acting as an intermediary between a debtor and the debtor's creditors for the purpose of settling, compromising, or in any way altering the terms of payment of any debts of the debtor and who: [(1)] Receives money, property, or other thing of value from the debtor, or on behalf of the debtor, for distribution among the creditors of the debtor; or [(2)] Otherwise arranges for payment to, or distribution among, the creditors of the debtor. "Debtor" means an individual and includes two or more individuals who are jointly and severally or jointly or severally indebted. "Nonprofit organization" means a corporation or association, no part of the net earnings of which may inure to the benefit of any private shareholder or individual. "Person" means an individual, partnership, corporation, firm, association, or any other legal entity.