Debtor - Law Dictionary Search Results
Guaranty, or Guarantee
an apparently small variation will often release him, e.g., he will be discharged if his rights against the debtor are affected, disturbed or destroyed by any agreement between the creditor and debtor without his privity, such as
Composition
satisfaction thereof. Tithe Act, 1832, s. 2, and see TITHES. 3. Also an agreement made between an insolvent debtor and his creditors, by which the latter accept a part of their debts in satisfaction of the whole.
Receiving order
Receiving order. An order of the court on the petition of a creditor, or of the debtor himself, granted for the protection of the estate on an act of bankruptcy being established. The order con-stitutes
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Interest
(1964) 2 SCJ 345: (1964) 1 SCWR 689.) the interest is a payment to be made by the debtor to the creditor when money was due to the creditor but was not paid or in other words
Chose
to a mere stranger, though the assignee might, at law, and was assisted in equity to sue the debtor in the name of the assignor. At law, therefore, with the exception of negotiable instruments, an interesse termini,
Bonded labour system
Bonded labour system, means the system of forced, or partly forced, labour under which a debtor enters, or has, or is presumed to have, entered, into an agreement with the creditor to the effect
means test
means test Section 707(b)(2) of the Bankruptcy Code applies a "means test" to determine whether an individual debtor's chapter 7 filing is presumed to be an abuse of the Bankruptcy Code requiring dismissal or conversion of
lien
by government sanction float·ing lien : a lien created in a security agreement against property owned by the debtor at the time of the agreement's creation as well as property acquired after the agreement's creation general lien
Attachment of debts
parte to the Court or a judge (r. 1), either before or after any oral examination of the debtor, for an order nisi [see Norton v. Yates, 1906 (1) KB 112] attaching debts owing or accruing to
Petition
originating summons. Consult Dan. Ch. Pr. In bankruptcy, proceedings are commenced by one or more creditors of the debtor, or the debtor himself, filing a petition in the Court of Bankruptcy, praying that the debtor may be
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