View example sentences, synonyms and word forms for Debtor.
Debtor meaning
A person or firm that owes money; one in debt; one who owes a debt. | One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.
Example sentences (20)
These exemptions also will usually protect a debtor's means to earn a living, most commonly the debtor's tools of the trade and so many head of cattle.
A person or debtor can declare himself or herself bankrupt by lodging a debtor's petition with the Official Receiver, which is the Australian Financial Security Authority (AFSA).
Certain real and personal property can be exempted on "Schedule C" citation of a debtor's bankruptcy forms, and effectively be taken outside the debtor's bankruptcy estate.
During the bankruptcy trustee in bankruptcy (insolvency officer) has a decisive influence on the movement of assets (property) of the debtor - the debtor and has a key influence on the economic and legal aspects of its operations.
If the debtor proposes a plan within the 120 day exclusivity period, a 180-day exclusivity period from the date of filing for chapter 11 is granted in order to allow the debtor to gain confirmation of the proposed plan.
If the debtor's monthly income is greater than the median income for individuals in the debtor's state, the plan must generally be for five years.
If the plan appears feasible and if the debtor complies with all the other requirements, the bankruptcy court will typically confirm the plan and the debtor and creditors will be bound by its terms.
In Chapter 11, unless a separate trustee is appointed for cause, the debtor, as debtor in possession, acts as trustee of the business.
In Chapter 7, a debtor surrenders his or her non-exempt property to a bankruptcy trustee who then liquidates the property and distributes the proceeds to the debtor's unsecured creditors.
In exchange, the debtor is entitled to a discharge of some debt; however, the debtor will not be granted a discharge if he or she is guilty of certain types of inappropriate behavior (e.
The amount of payment and the period of the repayment plan depend upon a variety of factors, including the value of the debtor's property and the amount of a debtor's income and expenses.
The debtor in possession runs the day-to-day operations of the business while creditors and the debtor work with the Bankruptcy Court in order to negotiate and complete a plan.
When the debtor completes payments pursuant to the terms of the plan, the court will formally grant the debtor a discharge of the debts provided for in the plan.
A tip for my debtor friends.
He had recently acquired a parcel of woodland from a debtor who had failed to repay a large loan.
In a GMA News report, one debtor expressed how ashamed and threatened she felt after she got a funeral flower arrangement from the online lending app she owed from.
In this context, Massa will advance the high rates the IMF has applied to debt owed by debtor countries, and he will push for a reduction in surcharges included in the debt payments negotiated by Mauricio Macri.
Invoice Factoring segment is engaged in providing debtor finance to companies and collection and management of trade receivables factoring.
None Sorrento Therapeutics Inc (NASDAQ: SRNE) announced that the U.S. Bankruptcy Court for the Southern District of Texas granted interim approval of Sorrento's $75 million debtor-in-possession financing from JMB Capital Partners.
One downside of a Trust Deed is that if the debtor does not keep up with payments, the Trust Deed can fail.