Debtor - Law Dictionary Search Results
creditor
to whom a debt is owed ;esp : a person to whom money or goods are due compare debtor, obligor general creditor : a creditor who is not secured by a lien or other security interest called
current monthly income
current monthly income The average monthly income received by the debtor over the six calendar months before commencement of the bankruptcy case, including regular contributions to household expenses from
assignment
in the property or right transferred assignment for the benefit of creditors : assignment of property by a debtor to an assignee to be held in trust and used to pay off the debtor's debts assignment of
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garnishment
garnishment : a remedial device used by a creditor to have property of the debtor or money owed to the debtor that is in the possession of a third party attached to pay
hearing
confirmation of a proposed bankruptcy plan discharge hearing : a hearing in a bankruptcy case in which a debtor is informed that his or her discharge has been granted or is told the reasons why it has
indenture
(as a mortgage or deed of trust) under which there is outstanding security constituting a claim against a debtor, a claim secured by a lien on any of the debtor's property, or an equity security of the
interest
title or that may be claimed on the ground of equitable relief [claimed an equitable interest in the debtor's assets] executory interest : a future interest other than a remainder or reversion that may take effect upon
Adequate protection
Adequate protection, means the protection afforded to a holder of a secured claim against the debtor, such as a periodic cash payment or an additional lien e.g. bankruptcy court permitted the lender to foreclose
Elegit
facias (see that title) or else to seize all the chattels and half the land of the judgment debtor in specie until judgment satisfied. The writ of elegit was extended by the (English) Judgments Act,1838 (1 &
Arrestment
Arrestment, a process of attachment prohibiting a person, in whose hands a debtor's movables are, to pay or deliver up the same to such debtor, till a creditor, who has procured
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