debit and credit boi
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
Creditor is the opposite of a debtor
creditor
a debtor is someone who owes you money and a creditor is someone who gives you credit for a service or supply of items
credit the debtor and debit the creditor
A debtor is someone who owes you money. A creditor is the person that lent the money.
The creditor will execute the judgment against the debtor's non exempt assets or property not the debtor's legal counsel. On the debtor.
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
It's basically an agreement between the debtor and creditor on how the debtor is to pay the creditor that arises when debtor has filed bankruptcy.
Creditor is the opposite of a debtor
creditor
rights of surety against principal debtor and principal creditor
creditor
Then the creditor must cease any attempt to collect the debt. It means the creditor is not allowed to call debtor, or send the bill to debtor's address or to make any further attempts. If the creditor still call the debtor, the debtor may complain and initiate a lawsuit. But usually the creditor will take the debt to court when a debtor serve him with cease and desist letter. It could be as soon as 3 months up to a year.
a debtor is someone who owes you money and a creditor is someone who gives you credit for a service or supply of items