Debtor - Law Dictionary Search Results

disclosure

a corporate insider (as an officer) for approval of a business transaction that involves self-dealing d : a debtor in bankruptcy's revelation to creditors of a bankruptcy plan

disclosure statement

disclosure statement A written document prepared by a chapter 11 debtor or other plan proponent designed to provide "adequate information" to creditors to enable them to evaluate the chapter

Uniform Commercial Code : goods that are bought for or used in a business enterprise or by a debtor which is a nonprofit organization or a government agency and that are not inventory, farm products, or consumer

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executory contract or lease

parties to the agreement have duties remaining to be performed. (If a contract or lease is executory, a debtor may assume it or reject it.) Source: Administrative Office of the U.S. Courts

dation en paiement

dation en paiement in the civil law of Louisiana : a mode of discharging a debt by the debtor's giving to the creditor with the creditor's consent something that satisfies the debt but differs from the form

exemption

created by federal and state laws to exempt specified types of property from a bankruptcy estate [precludes the debtor from using the s in the Bankruptcy Code] ;also : a type of property that may be claimed

Fugitive

pursuit danger restraint etc escaping from service duty etc as a fugitive solder a fugitive slave a fugitive debtor

fresh start

fresh start The characterization of a debtor's status after bankruptcy, i.e., free of most debts. (Giving debtors a fresh start is one purpose of the

garnishee

garnishee : a third party holding garnished property or money of a debtor vt -eed -ee·ing : garnish

harass

dogs] : to subject persistently and wrongfully to annoying, offensive, or troubling behavior [a collection agency ing a debtor] see also sexual harassment ha·rass·er n ha·rass·ment n

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