The Definition of Secured Creditor in Insolvency LawBankruptcy and InsolvencySecured TransactionsDespite the modernization of secured transactions law in every common law province in Canada, the insolvency statutes continue to define a secured creditor usinRoderick J. Wood...
The meaning of BANKRUPTCY is the quality or state of being bankrupt. How to use bankruptcy in a sentence.
The meaning of CREDITOR is one to whom a debt is owed; especially : a person to whom money or goods are due. How to use creditor in a sentence.
debitor,debtor- a person who owes a creditor; someone who has the obligation of paying a debt Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. Translations Spanish / Español Select a language: ...
Bankruptcy A lawful procedure, guided by the Bankruptcy and Insolvency Act, that allows discharge from most debts. Creditor An entity or individual to whom a debt is owed. In the context of insolvency, it refers to a person, partnership, or corporation recognized by law as having the same ri...
Creditor Rights in Bankruptcy 7:53 Ch 18. International Business Law Ch 19. Product Liability and Consumer... Ch 20. Types of Business Organizations Ch 21. Torts in Business Law Ch 22. Defamation, Libel & Slander Ch 23. The Role of Agency in Business... Ch 24. Sales & the Law Ch...
trustee in bankruptcy (redirected fromtrustees in bankruptcy) Legal Financial n (Banking & Finance) a person entrusted with the administration of a bankrupt's affairs and with realizing his or her assets for the benefit of the creditors
A creditor may be a bank or another company. In the case of bonds and personal debt, the creditor is often an individual. A creditor may be secured, meaning that the debt has a collateral, or unsecured, meaning that the debt has no specific collateral. Farlex Financial Dictionary. © ...
Bankruptcy can be declared by an individual or business when in financial distress. Focusing on business bankruptcy, it protects the assets of the firm for the benefits of its creditors. Firms can file for Chapter 11 bankruptcy protection, where they attempt to reemerge as a going concern after...
A preferred creditor is an individual or organization that has priority in being paid the money it is owed if the debtor declares bankruptcy.