Debtor - Law Dictionary Search Results
Partnership
by which the judgment creditor of a partner, instead of being able to execute not only against his debtor's separate property but also against the property of the firm, may obtain only an order charging the partner's
Insolvent
pay ones debts as they fall due in the ordinary course of trade and business as in insolvent debtor
mortgage
and that is extinguished upon payment or performance according to stipulated terms [creditors with valid s against the debtor's property "J. H. Williamson"] c : a loan secured by a mortgage [applied for a ] adjustable rate
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VerbarHypotheca
An obligation by which property of a debtor was made over to his creditor in security of his debt
execution
as fulfillment of a judicial death sentence 3 : the process of enforcing a judgment (as against a debtor) ;also : a judicial writ (as fieri facias) by which an officer is empowered to carry a judgment
Deep Rock doctrine
Deep Rock doctrine [from Deep Rock, a debtor corporation found to have been used for fraudulent transfers to its parent corporation in the Supreme Court case
deficiency
owed under a security agreement and the amount the creditor is able to recover upon default of the debtor by selling the collateral
deposit
is to the credit of the depositor thereby giving the depositor the right to money and creating a debtor-creditor relationship special deposit : a deposit that is made for a specific purpose, that is to be returned
discharge
discharged by either cancellation or surrender "J. D. Calamari and J. M. Perillo"] b : to release (a debtor in bankruptcy) from liability for his or her debts 2 : to release from confinement, custody, or care
dischargeable debt
dischargeable debt A debt for which the Bankruptcy Code allows the debtor's personal liability to be eliminated. Source: Administrative Office of the U.S. Courts
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