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.” ...

consumer debtor

consumer debtor A debtor whose debts are primarily consumer debts. Source: Administrative Office of the U.S. Courts ...

debtor's estate

debtor's estate : bankruptcy estate at estate ...

judgment debtor

judgment debtor : one who is obligated to pay a debt or damages in accordance with a judgment entered by a court ...

Judgment-debtor

Judgment-debtor, means any person against whom a decree has been passed or an order capable of execution has been made. [Code of Civil Procedure, 1908, s. 2 (10)]One against whom a judgment ordering him to pay a sum of money stands unsatisfied. He may, by order of the Court or judge, be orally examined by the judgment creditor as to debts owing to him by third parties, and be compelled to produce books and documents, with a view to attaching any debts due to him [(English) R.S.C. 1883, Ord. XLV., r. 1]. See ATTACHMENT OF DEBTS....

Scheduled debtor

Scheduled debtor, means a person who is either a small farmer or a rural artisan or an agricultural labourer and who is ordinarily resident in the State of Orissa, Yernagula Kamaraju v. Manda Dandasi, (1989) 67 Cut LT 615....

debtor education

debtor education see credit counseling Source: Administrative Office of the U.S. Courts ...

Fraudulent debtors

Fraudulent debtors. Punishable by the (English) Bankruptcy Act, 1914, Pt. VII., ss. 154 et seq., and in Ireland by 35 & 36 Vict. c. 57....

Extent

Extent, the peculiar remedy to recover debts of record due to the Crown; it differs from an ordinary writ of execution at the suit of a subject, because under it the body, lands, and goods of the debtor may all be taken at once, in order to compel the payment of the debt. It is not usual, however, to seize the body.There are two kinds of Extent--in chief and in aid. (1) Extent in chief. It issues from the Exchequer, and may bear teste and be made returnable on any day certain in term of vacation (5 & 6 Vict. c. 86, s. 8). It directs the sheriff to take an inquisition or inquest of office, on the oaths of lawful men, to ascertain the lands, etc., of the debtor, and seize the same into the King's hands. The writ should be preceded by a cire facias in order to bring the debtor into Court, and afford him an opportunity to show cause against it; but where the debt is in danger of being lost, the extent will be issued without a scire facias upon an affidavit of circumstances; and after the s...

exemptions, exempt property

exemptions, exempt property Certain property owned by an individual debtor that the Bankruptcy Code or applicable state law permits the debtor to keep from unsecured creditors. For example, in some states the debtor may be able to exempt all or a portion of the equity in the debtor's primary residence (homestead exemption), or some or all "tools of the trade" used by the debtor to make a living (i.e., auto tools for an auto mechanic or dental tools for a dentist). The availability and amount of property the debtor may exempt depends on the state the debtor lives in. Source: Administrative Office of the U.S. Courts ...

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