debtor


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Debtor

Debtor

A person, company, or other organization that owes money to another individual, company, or organization. Generally speaking, a debtor acquires debt for a specific purpose, such as to fund a college education or to purchase a house. In business and government, debt is often issued in the form of bonds, which are tradeable securities entitling the bearer to repayment at the appropriate time(s), making the issuing government or business the debtor. A debtor almost always compensates a creditor with a certain amount of interest, representing the time value of money. However, some areas of finance, especially Islamic banking, do not allow debt with interest.

debtor

An individual or organization that owes a debt or has an obligation to another party. Compare creditor.

debtor

a person or business that owes money to individuals or firms for goods, services or raw materials that they have bought but for which they have not yet paid (trade debtors) or because they have borrowed money Debtors are also termed ‘accounts receivable’.

See CREDITORS, DEBT, CREDIT CONTROL, WORKING CAPITAL, BAD DEBT.

debtor

(1) One who owes a debt.(2) In bankruptcy,the person who requests protection under the bankruptcy laws.

References in periodicals archive ?
380, 389 (1993) enumerated four factors to determine whether neglectful late filings of claims are excusable: (1) whether allowing the late claim will prejudice the debtor; (2) the length of the delay in filing the claim and the resulting potential impact on the judicial proceedings; (3) the reason for the delay, including whether the delay was within the reasonable control of the creditor filing the claim; and (4) whether the creditor that filed the claim acted in good faith.
The trustee and Farm Credit raise several issues with the debtor's fourth amended plan.
The automatic stay under Bankruptcy Code [section]362 provides for a broad stay that freezes all attempts to enforce or collect a debt against the debtor, property of the debtor, or property of the estate.
"The Court concludes that the Debtor's discharge should be denied under 11 U.S.C.
The bill is being developed in order to obtain more complete information about the bank accounts, their types and other values ??of debtors for correct and timely fulfillment of the requirements contained in the executive document.
Where there is no special commercial court in the place where the debtor holds its principal office, it must be assigned to the nearest special commercial court.
First, if the debtor is in default as of the bankruptcy filing, the trade creditor's leverage is vastly improved as courts have held that the defaulted debtor cannot compel the creditor to continue to provide goods or services on credit.
The absence of reasonable financial planning in combination with the recent economic crisis has trapped many debtors in a debt spiral.
Creditors will receive their payments only after the insolvency practitioner's fees have been paid out of the debtor's available income.
"Moreover, Hunnicutt alleged that the Debtor 'intentionally misrepresented' his Current Monthly Income, which constituted a fraud on the court.
(320) To proceed, the secured party needs to procure a court order permitting the alienation of the debtor's property.