Debtor at Legal Glossary What is it? A person or entity (such as a corporation) who owes money.
Law Definition Added By: Mckenna
The Debtor definition has been viewed 619 Time(s)! ...
Debtor definition:
A person who owes money, goods or services to another, the latter being referred to as the creditor.
Related Terms: Debt, Creditor ...
Debtor in Bankruptcy and Individual Voluntary Arrangements
An Individual Voluntary Arrangement is a legally binding arrangement supervised by a licensed Insolvency Practitioner, the purpose of which is to enable an individual, ...
Debtor: A person who owes money.
Decree: The final decision made on an action for divorce.
Debtors are joint or several; joint, when they all equally owe the debt in solido; in this case if a suit should be necessary to recover the debt, all the debtors must be sued together or, when some are dead, the survivors must be sued, ...
Judgment Debtor
the losing party against which the court has made a decision to pay a specific amount to the winning party(judgement creditors).The court can seize their property or assets also for the repayment.
Legal-Explanations.com Home ...
Judgment Debtor
From LoveToKnow 1911
JUDGMENT DEBTOR, in English law, a person against whom a judgment ordering him to pay a sum of money has been obtained and remains unsatisfied.
Consumer Debtor definition:
A term of bankruptcy law designating debtors who have debts under a prescribed amount.
In Canada, the Bankruptcy and Insolvency Act defines a consumer debtor as: ...
Judgment debtor - One who owes money as a result of a judgment in favor of a creditor.
For legal advise regarding Judgment debtor, you can contact our legal staff via phone (800) 341-2684 or email myweblawyer@aol.com .
Debtor - One who owes a debt to another; a person filing for relief under the Bankruptcy Code.
Decision - The opinion of the court in concluding a case at law.
Debtor:
A person who owes money, goods or services to another.
Decree Absolute:
The name given to the final and conclusive Court Order after the condition of a "decree nisi" is met.
DEBTOR: Person who owes money.
DECISION: The judgment rendered by a court after a consideration of the facts and legal issues before it.
debtor A person who owes a debt to another person, called the creditor.
decedent A deceased person; usually refers to a person who has died recently, or whose death is the subject of a civil or criminal case.
DEBTOR, contracts. One who owes a debt; he who may be constrained to pay what he owes.
2. A debtor is bound to pay his debt personally, and all the estate he possesses or may acquire, is also liable for his debt.
Debtor
Definition - Noun
: a person who owes a debt
see also bankrupt
compare creditor obligee obligor
The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the «debtor" as opposed to the «bankrupt." ...
debtor
A person or entity (such as a corporation) who owes money.
decedent ...
Debtor and Creditor Law
Mortgage Law Overview
Additional sources
State Property Statutes ...
OBLIGOR or DEBTOR
The person who has engaged to perform some obligation. Louis. Code, art. 3522, No. 12. The word obligor, in its more technical signification, is applied to... more
OBREPTION
civil law. Surprise. Dig. 3,5,8,1. Vide Surprise. ... more ...
judgment debtor - The party against whom a judgment has been rendered.
TOP Acceleration clause : A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately.
Again, in the context of family law, the word would typically refer to the person to a support or maintenance debtor. In commercial law, the word refers to the person who makes the payment on a check or bill of exchange.
Judgment Creditor One in favor of whom the Court has issued judgment finding the judgment debtor to owe money. Judgment Debtor One against whom the Court has issued judgment finding he owes the judgment creditor money.
Debtor: Person who owes money, goods or services to a creditor. If a court judgment has been registered against the person owing the money, he is known as a judgment debtor.
DebtorA person who owes money.DeclarationAn order of the court that declares the law to require or prohibit certain conduct or that named persons have rights specified in the declaration.
The legal method for a debtor to "discharge" or relieve debt. Bankruptcy is a way for individuals or businesses owing more money than they can pay to either work out a plan to repay the money over time or to have their debt wiped out.
Execution upon a money judgment is the legal process of enforcing the judgment, usually by seizing and selling property of the debtor.
in law, device for protecting a creditor by giving him an interest in property of his debtor. In common law a mortgage was a conditional sale; i.e.
A lien is usually a formal document signed by the party to whom money is owed and sometimes by the debtor who agrees to the amount due. A lien carries with it the right to sell property, if necessary, to obtain the money.
The legal effect is to divert most of the debtor's assets and debts to the administration of a third person, sometimes called a "trustee in bankruptcy", from which outstanding debts are paid pro rata.
Under the protection of the bankruptcy court, debtors may be released ('discharged') from their debts completely or allowed to repay them in whole or in part on a manageable schedule. Federal bankruptcy judges preside over these proceedings.
Under the protection of the bankruptcy court, debtors may be released from or "discharged" from their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
Where several debtors are each liable for the whole debt, they are said to be liable "in solidum" but where each is liable for his own share or proportion only, they are said to be bound "pro rata".
Garnishment: A proceeding whereby a debtor's money, or other property, which is under the control of another is given to a third person to whom the debtor owes a debt. In family law this often applies to child support or alimony.
Court order made so that a person who is owed money (creditor) can obtain full or part payment from a third party whom in fact owes or holds money for the debtor.
garnishment: a proceeding whereby property, money or credits of a debtor, in possession of another (the garnishee), are applied to the debts of the debtor. Most often, it involved taking part of the wages of a debtor to satisfy a debt.
Basically a contract for the hire of goods with an option for the debtor to purchase them at the end of the agreement. Generally, the debtor only gets to own the goods on payment of the final instalment.
Garnishment: A legal proceeding in which a debtor's money, in the possession of another (called the garnishee), is applied to the debts of the debtor, such as when an employer garnishes a debtor's wages.
garnishee: A person who owes a debt to a judgment debtor, or a person other than the judgment debtor who has property in his/her possession or custody in which a judgment debtor has an interest ...
Claim -A debt owing by a debtor to another person or business. In probate parlance, the term used for debts of the decedent and a procedure that must be followed by a creditor to obtain payment from his estate.
Secured debts - In bankruptcy, a debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral.
Securities an Exchange Commission (SEC) - A federal agency which monitors the securities industry.
Bankruptcy Judge - The judge who determines whether a debtor is entitled to a discharge in bankruptcy.
For legal advise regarding Bankruptcy Judge, you can contact our legal staff via phone (800) 341-2684 or email myweblawyer@aol.com .
garnishment - a remedial device used by a creditor to have property of the debtor or money owed to the debtor that is in the possession of a third party attached to pay the debt to the creditor.
...
ACCELERATION CLAUSE In a mortgage, note, bond, etc., that requires the debtor to pay all or part of the balance sooner than the date specified for payment upon occurrence of event or circumstance described in the contract.
Voluntary Bankruptcy: A proceeding by which a debtor voluntarily asks for a discharge of his debts under the Bankruptcy Code.
Consign. Latin con-signare, to mark, seal: to register, attest. In civil law, for a debtor, under the direction of a court, to deposit with a third person an article of property for the benefit of a creditor.
Constituent. See Agent.
Execution of Judgment Examination of Judgment Debtor
Employment Gender Discrimination
Execution of Judgment Foreign Judgment ...
general assignmentThe voluntary transfer, by a debtor, of all property to a trustee for the benefit of all of his or her creditors.
General Lien
A lien such as a tax lien or judgment lien which attaches to all property of the debtor rather than the lien of, for example, a trust deed, which attaches only to a specific property.
pignus - a pledge by which a creditor obtained possession of property. Ownership remained with the debtor, but the creditor had certain rights upon default.
bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge ...
Writ of Execution
An order directed to a sheriff or other law enforcement officer to levy and execute upon the property of a judgment debtor to satisfy a judgment.
garnishment: like attachment, a device used to bring property in the form of a debt under the court's jurisdiction. It is also used to collect unpaid judgments and other obligations, for example, by taking money out of the debtor's paycheck.
top ...
Term: Writ Of Execution
Definition: An order directed to a sheriff or other law enforcement officer to levy and execute upon the property of a judgment debtor to satisfy a judgment.
 See also: Law, Person, State, Court, Property
|
