Debtor - Law Dictionary Search Results
judgment-proof
judgment-proof : of or being one (as a judgment debtor) from whom nothing can be recovered because he or she has no property, his or her property is
stipulate
stipulate -lat·ed -lat·ing [Latin stipulatus, past participle of stipulari to exact (as from a prospective debtor) a formal guarantee when making an oral contract] vi 1 : to make an agreement or covenant about
rehabilitate
witness. 2 a : to restore to a former state (as of good repair or solvency) [if the debtor wishes to liquidate rather than reorganize or the farming operation "J. H. Williamson"] b : to restore (as
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subrogation
a third party pays a creditor or obligee the third party succeeds to the creditor's rights against the debtor or obligor ;also : a doctrine holding that when an insurance company pays an insured's claim of loss
syndic
judgment] in the civil law of Louisiana : a trustee of property owned by an insolvent or bankrupt debtor
unscheduled debt
unscheduled debt A debt that should have been listed by the debtor in the schedules filed with the court but was not. (Depending on the circumstances, an unscheduled debt may
unsecured claim
mortgage or lien; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay. Source: Administrative Office of the U.S. Courts
voluntary bankruptcy
voluntary bankruptcy : bankruptcy declared upon petition of the debtor see also bankruptcy
Debenture stock
default in payment in the case of railway debentures they cannot demand payment of the principal and the debtor company cannot redeem the stock except by authority of an act of Parliament
Debit
A debt an entry on the debtor Dr side of an account mostly used adjectively as the debit side of an account
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