Debtor - Law Dictionary Search Results
judgment
decree and any order from which an appeal lies. cog·no·vit judgment [kÄ g-nō-vit-] : an acknowledgment by a debtor of the existence of a debt with agreement that an adverse judgment may be entered without notice or
statement of intention
statement of intention A declaration made by a chapter 7 debtor concerning plans for dealing with consumer debts that are secured by property of the estate. Source: Administrative Office
respite
respite in the civil law of Louisiana : a judicially approved or enforced agreement that provides a debtor with time or a delay for the payment of creditors
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right
or title to property often used in pl. [a security interest is not enforceable…and does not attach unless…the debtor has s in the collateral "Uniform Commercial Code"] [leasing mineral s] see also real right e pl :
sale
: a sale of property ordered by a court in order to satisfy a creditor's judgment against a debtor foreclosure sale : a sale of property upon default of a mortgage to satisfy the debt judicial sale
satisfy
condition precedent] ;broadly : to cause to be discharged, settled, or paid [sought to his claim against the debtor] b : to meet an obligation to [ a creditor] 2 : to convince by argument or evidence
security
ownership interest in a pool of debt obligations from which payments of interest and principal pass from the debtor through an intermediary (as a bank) to the investor ;esp : one based on a pool of mortgage
set-off
: the reduction or discharge of a debt by setting against it a claim in favor of the debtor ;specif : the reduction or discharge of a party's debt or claim by an assertion of another claim
set-off
: the reduction or discharge of a debt by setting against it a claim in favor of the debtor ;specif : the reduction or discharge of a party's debt or claim by an assertion of another claim
show
court action] show cause : to establish by reasoning and evidence a valid reason for something [if a debtor wishes to extend a plan beyond three years, he must show cause "J. H. Williamson"] [must show cause
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