A debtor is a person or a business. The money owed by a debtor is considered an asset of the creditor. Money owed by a debtor can be an account receivable in some cases if it's for goods or services bought on credit or a note receivable if it's a loan. Are Debtors Income? Debtor...
Define Debtors. Debtors synonyms, Debtors pronunciation, Debtors translation, English dictionary definition of Debtors. n. 1. One that owes something to another. 2. One who is guilty of a trespass or sin; a sinner. American Heritage® Dictionary of the
aas specified in the statement of account (or affidavit) attached and marked Schedule "A", after deducting any counterclaims to which the debtor is entitled. 如指定在帐单(或宣誓书)在扣除债家有资格的任何反诉以后附有了并且标记了日程表“A”。[translate]...
It means calculating Age of Debtors i.e.number of days from which amount is due from debtorsPoints to be considered while creating debtor ageing reportWhile creating ledgers of parties, we have to mention credit period.Mention invoice no. Of the parties
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Sometimes it is possible to attach the debtor’s property, wages, or bank account as a means of forcing payments (see garnishment). It is also possible to secure a lien against the debtor’s property, which will permit a local official or law-enforcement officer to seize the property, ...
Debtor in possession (DIP) is typically a transitional stage in which the debtor, most often a business, attempts to salvage value from assets after bankruptcy. The most obvious reason for obtaining DIP status is that the assets can be used as part of a functioning business with higher resale...
(other than customary non-assignment provisions which are ineffective under Article 9 of the Code or other Requirements of Law), but only, in each case, to the extent, and for so long as such Operating Document, joint venture agreement, shareholder agreement or other contract is in effect; ...
Similarly, the proposed classification of DIP financing regimes does not take into account how attractive a DIP financing regime is from the perspective of the debtor’s pre-existing creditors. As will be explored below, this aspect will depend on the system for the approval of DIP financing, ...
appointed by the Cayman Court, empowering the Foreign Representatives to administer theForeign Debtor’s assets and affairs in the Cayman 5 TheForeign Debtorhas also deposited a $75,000 retainer with its counsel Davis Polk & Wardwell LLP, which is held in an account at JP Morgan Chase Bank in...