Debtor - Law Dictionary Search Results
accommodate
reassuring a reluctant creditor see also accommodation paper at paper accommodation party at party NOTE: To accommodate a debtor effectively, the party must sign the debt instrument, adding words describing limitations or conditions to the accommodation, if
account receivable
account receivable pl: accounts receivable : a balance due from a debtor on a current account
account rendered
account rendered pl: accounts rendered : an account presented by a creditor to a debtor for examination and settlement
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account stated
account stated pl: accounts stated : an account presented by a creditor to his or her debtor which by implied or express acceptance has been agreed upon by both parties as correct
adequate protection
the creditor may obtain relief from the automatic stay from creditors' collection attempts that is effected by the debtor's filing for bankruptcy.
adjust
(a loss) b : to make new arrangements with creditors for the payment of (the debts of a debtor in bankruptcy) 2 : to calculate in accordance with a system [ing the basis]
advisement
: deliberation [take the matter under ] 2 : the act or process of advising [ of the debtor on matters relating to…his debts "J. H. Williamson"]
automatic stay
of a bankruptcy petition in accordance with bankruptcy law that prevents creditors from attempting to collect from the debtor for debts incurred before the filing
credit insurance
credit insurance : insurance paid for by a debtor to assure payment of any outstanding credit balance in the event of death or disability
avoid
1 : to make void or undo : annul [the trustee may any transfer of interest of the debtor in property "U.S. Code"] 2 : to respond to (an allegation or averment) by declaring that facts alleged
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