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What does discharge of a debt mean when it is not associated with bankruptcy does it mean the debtor is fullt released from the obligation to repay the debt?
Yes, if a debt is discharged the debtor no longer has to pay.
Can a debtor leave the country?
Presumably you mean debtor in bankruptcy....as most everyone is a debtor of some type!Sure.Of course it would probably be illegal to flee the country to avoid the responsibilities....
What does the word debtor mean?
A debtor is a person, company, or entity that owes money to another party, known as the creditor.
What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does it mean for credit balance of a debtors?
A credit balance of a debtor means that the debtor has paid more than what they owe, resulting in a positive balance on their account. This situation can arise from overpayments, returns, or adjustments. Essentially, it indicates that the creditor may owe the debtor money or that the debtor has a prepaid amount available for future transactions. It reflects a favorable position for the debtor in terms of their financial dealings with the creditor.
Is a lien by a creditor placed on the debtor or the debtor's attorney?
The creditor will execute the judgment against the debtor's non exempt assets or property not the debtor's legal counsel. On the debtor.
What is mean by sundry debtor and sundry creditor?
Sundry Debtor is a person who bought goods or received service from us (Customer) Sundry Creditor is a person whom we received the goods are service (Our Vendor)
What does distress for banks mean?
the seizureand holding of property assecurity for payment of a debtor satisfaction of a claim
Who is a debtor?
A debtor is someone who owes money to you.
Who is debtor?
A debtor is someone who owes money to you.
What does the idiom call it even mean?
To "call it even" means to agree that there is no winner in a contest, or no debtor in an exchange.
Is Egypt a doner nation or a debtor nation?
debtor
