Debtor - Law Dictionary Search Results
new value
goods, services, credit, or release of previously transferred property) that is newly given NOTE: A transfer by a debtor to a creditor that is intended as a contemporaneous exchange for new value and not as satisfaction for
non-recourse
satisfaction may be obtained on default only out of the particular collateral given and not out of the debtor's other assets [a mortgage] [a creditor] compare recourse
note
or to the bearer recourse note : a note whose satisfaction upon default may be obtained from the debtor's assets other than and in addition to the collateral securing it re·new·al note : a note that continues
Keep your definitions linked to case research
objection to exemptions
objection to exemptions A trustee's or creditor's objection to the debtor's attempt to claim certain property as exempt from liquidation by the trustee to creditors. Source: Administrative Office of
obligee
: one (as a creditor) to whom another is legally obligated [an protected by a surety bond] compare debtor, obligor
nondischargeable debt
the influence of drugs, and debts for restitution or a criminal fine included in a sentence on the debtor's conviction of a crime. Some debts, such as debts for money or property obtained by false pretenses and
order
an order commanding one party to turn over property to another ;esp : an order commanding a judgment debtor to turn over assets to a judgment creditor [turnover order in aid of execution "California Code of Civil
property
without violating the Fourth Amendment to the U.S. Constitution. after-acquired property 1 : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is usually considered part of the bankruptcy estate
perfect
financing statement or taking possession of the collateral [was the first creditor to its security interest in the debtor's collateral, and, thus, was the first in priority for the collateral "Commercial Bank v. Pride Furniture, Inc., 877
reach
to 2 : to obtain an interest in or possession of [unable to all the assets of the debtor] 3 a : to arrive at and consider [the justices did not that issue] b : to amount
- ‹ Prev
- 23
- 24
- 25
- 26
- 27
- 28
- 30
- 31
- 32
- 33
- Next ›
- Last »
Try the research workspace - 7 days free