Debtor - Law Dictionary Search Results
Account
Account, means a formal statement of transactions between two parties including debtor-creditor relation and arising out of contract or some fiduciary relations, Central Bureau of Investigation v. V.C. Shukha, (1998)
Adequate assurance
Adequate assurance, in relation to bankruptcy means, evidence that a debtor will probably be able to perform its obligations under a contract such as the posting of a bond
Pactum de non petendo
Pactum de non petendo, an agreement made between a creditor and his debtor that the former will not demand from the latter the debt due. By this agreement the debtor is
Keep your definitions linked to case research
Accord
Dyeing Co. v. Broadbent, (1920) 89 LJ KB 186. If a bill or note is given by a debtor to his creditor on account and accepted by the latter and nothing is said as to the terms
homestead exemption
homestead exemption : an exemption from liability that prevents creditors from obtaining satisfaction from a debtor's homestead see also declaration of homestead at declaration NOTE: The laws governing the homestead exemption vary greatly from
Pledge
The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement also the contract created between the debtor and
bill
creditor's bill : an equitable bill by which a creditor who has won a court judgment against a debtor can compel payment from the debtor out of the property that is not otherwise reachable by legal process
chapter 13 (wage earner's plan)
chapter 13 (wage earner's plan) A petition designed for any insolvent debtor who is a wage earner to provide the debtor with additional time to pay off creditors. Source: FindLaw
contingent claim
contingent claim A claim that may be owed by the debtor under certain circumstances, e.g., where the debtor is a cosigner on another person's loan and that person fails
credit
repaid later compare loan b : the use of resources (as money) in the present obtained by the debtor's promise to repay the creditor in the future usually with interest as compensation to the creditor and often
Try the research workspace - 7 days free