Debtor - Law Dictionary Search Results
Home Dictionary Name: debtorinsider (of an individual debtor)
insider (of an individual debtor) Any relative of the debtor or of a general partner of the debtor; partnership in which the debtor is a general partner; general partner of the debtor; or a corporation of which the debtor is a director, officer, or person in control. Source: Administrative Office of the U.S. Courts ...
insider (of a corporate debtor)
insider (of a corporate debtor) A director, officer, or person in control of the debtor; a partnership in which the debtor is a general partner; a general partner of the debtor; or a relative of a general partner, director, officer, or person in control of the debtor. Source: Administrative Office of the U.S. Courts ...
Debtors Act, 1869
Debtors Act, 1869 (32 & 33 Vict. c. 62).-This Act abolishes imprisonment for debt except incase of default of payment of penalties, default by trustees or solicitors, and certain other cases (see s. 4), and provides for committal of debtors in default of payment of judgment debts which the debtor can but will not pay, and in certain other cases (s. 5): see COMMITMENT. It also provides for the punishment of fradulent debtors. The (English) Debtors Act, 1878 (41 & 42 Vict. c. 54), gives a judicial discretion in the case of a defaulting trustee or solicitor. See Chitty's Statutes, tit. 'Debt'; IMPRISONMENT, and as to Northern Ireland, see 35 & 36 Vict. c. 57...
Debtor
Debtor, he that owes something to another. As to the meaning of 'debtor' in the Bankruptcy Act, 1914, see s. 1, sub-s. 2, of the Act. See CREDITOR and BANKRUPT.Debtor, in relation to an attachment of earnings order, or to proceedings in which a court has power to make an attachment of earnings order or to proceedings arising out of such an order, means the person by whom payment is required by the relevant adjudication to be made, Attachment of Earnings Act, 1971, sub-s. 2(e), 25(1) (UK) Halsbury's Laws of England 3(2), para 864, p. 465.In relation to a proposal for the purpose of Part VIII, means the individual making or intending to make that proposal; Insolvency Act, 1986, s. 385(1)(a) (UK) Halsbury's Laws of England 3(2), para 76, p. 466.Means the person to whom a motor vehicle is bailed under such an agreement, Shogum Finance Ltd. v. Hudson [HL (E)], (2003) 3 WLR [Hire-Purchase Act, 1964, s. 29(4)]In relation to a motor vehicle which has been bailed under a hire-purchase agreement...
Judgment-debtor summons
Judgment-debtor summons. The (English) Bank-ruptcy Act, 1861, ss. 76-85, provided for the issue of this kind of summons by a judgment creditor in default of payment of whose debt the debtor might be adjudicated bankrupt. It was replaced in 1869 by the 'Debtor's Summons' under s. 7 of the (English) Bankruptcy Act of 1869, which was itself replaced by the 'Bankruptcy Notice' under the Acts of 1883 and 1914....
consumer debtor
consumer debtor A debtor whose debts are primarily consumer debts. Source: Administrative Office of the U.S. Courts ...
debtor
debtor : a person who owes a debt see also bankrupt compare creditor, obligee, obligor NOTE: The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.” ...
debtor in possession
debtor in possession :a debtor who remains in possession of an estate during chapter 11 or 12 bankruptcy and has the same duties as a trustee in bankruptcy ...
Arrangements between debtors and creditors
Arrangements between debtors and creditors. The 125th and 126th sections of the (English) Bankruptcy Act, 1869, which repealed an Act of 1861, allowed liquidation by arrangement and composition with creditors by resolutions passed at similar representative meetings to take the place of proceedings in bankruptcy. The (English) Bankruptcy Act, 1883, having repealed the Act of 1869 without re-enacting these clauses, arrangements with creditors outside the law of bankruptcy became common, and in order to legalize and regulate these arrangements, the (English) Deeds of Arrangement Act, 1887, was passed and amended in 1890 by 53 & 54 Vict. c. 24. The law has now been consolidated by the (English) Deeds of Arrangement Act, 1914 (4 & 5 Geo. 5, c. 47), which repeals the Act of 1887, and also parts of the Bankruptcy and (English) Deeds of Arrangement Act, 1913, and contains practically the whole statute law on the subject. The Act is divided into five parts: (1) defining the deeds of arrangement...
Centre of a debtor's main interests
Centre of a debtor's main interests, should correspond to the place where the debtor conducts the administration of his interests on a regular basis and (which) is therefore ascertainable by third parties, Eurofood 1 FSC Ltd. (in re:) (ECJ), 2006 Ch LR 508....
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