Debtor - Law Dictionary Search Results
Mortgage
effected, in order to secure either the repayment of the one or the liquidation of the other. the debtor, or borrower, is then the mortgagor, who has charged or transferred his property in favour of or to
Fieri facias
the writ is sued out; but he cannot seize money or bank notes after the death of the debtor, Johnson v. Pickering, (1908) 1 KB 1. A writ of execution that directs a marshal or sheriff to
Crown debts
Crown debts. It is a prerogative of the Crownto claim priority for its debts before all other creditors, and to recover them by a summary process called an extent. See 33 Hen. 8, c. 39. Every...
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Creditor
Creditor [Lat.], one who trusts or gives credit, correlative to debtor. A creditor is entitled to take out letters of administration if there be no next of kin, or
Benefit of cession
Benefit of cession, means a debtor's immunity from imprisonment for debt. The immunity arises when the debtor's property is assigned to the debtor's creditors,
Bankruptcy notice
may be given by any creditor who has obtained a 'final judgment' or 'final order,' and if the debtor does not within seven days of service of the notice, if served in England, either comply with its
financing statement
Under Article 9 of the Uniform Commercial Code, a financing statement must 1) give the names of the debtor and the secured party, 2) be signed by the debtor, 3) give the address of the secured party,
Appropriation of payments
Appropriation of payments, the application to one of several debts of a sum of money paid by a debtor on a general account. The general rule as to appropriation of payments is this: The debtor may in
disposable income
a : the income remaining to an individual after deduction of taxes b : the income of a debtor in bankruptcy that is not necessary to support the debtor or the debtor's dependents
trustee in bankruptcy
trustee in bankruptcy :an officer of the court in whom ownership of a debtor's property is vested for the benefit of the creditors and who administers the property for the purpose of
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