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- Q157470 subject Q7014671.
- Q157470 subject Q8482205.
- Q157470 abstract "A debtor is an entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.If X borrowed money from his/her bank, X is the debtor and the bank is the creditor.If X puts money in the bank, X is the creditor and the bank is the debtor.It is not a crime to fail to pay a debt. Except in certain bankruptcy situations, debtors can choose to pay debts in any priority they choose. But if you've failed to pay a debt, you have broken a contract or agreement between you and a creditor. Generally, most oral and written agreements for the repayment of consumer debt - debts for personal, family or household purposes secured primarily by a person's residence - are enforceable. However, for the most part, debts that are business related must be made in writing to be enforceable by law. If the written agreement requires the debtor to pay a specific amount of money, then the creditor does not have to accept any lesser amount, and should be paid in full.Also, if there was no actual agreement but the creditor has proven to have loaned an amount of money, undertaken services or given the debtor a product, the debtor must then pay the creditor.".
- Q157470 wikiPageExternalLink www.insolvency-practitioners.org.uk.
- Q157470 wikiPageExternalLink www.insolvency.gov.uk.
- Q157470 wikiPageExternalLink www.insolvencynews.com.
- Q157470 wikiPageWikiLink Q10670701.
- Q157470 wikiPageWikiLink Q1138039.
- Q157470 wikiPageWikiLink Q11693.
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- Q157470 wikiPageWikiLink Q1304168.
- Q157470 wikiPageWikiLink Q145.
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- Q157470 wikiPageWikiLink Q157165.
- Q157470 wikiPageWikiLink Q157470.
- Q157470 wikiPageWikiLink Q16241295.
- Q157470 wikiPageWikiLink Q16952623.
- Q157470 wikiPageWikiLink Q1783272.
- Q157470 wikiPageWikiLink Q189539.
- Q157470 wikiPageWikiLink Q190122.
- Q157470 wikiPageWikiLink Q22687.
- Q157470 wikiPageWikiLink Q2308159.
- Q157470 wikiPageWikiLink Q23393.
- Q157470 wikiPageWikiLink Q2594302.
- Q157470 wikiPageWikiLink Q2824533.
- Q157470 wikiPageWikiLink Q30.
- Q157470 wikiPageWikiLink Q3196867.
- Q157470 wikiPageWikiLink Q3778211.
- Q157470 wikiPageWikiLink Q41.
- Q157470 wikiPageWikiLink Q427276.
- Q157470 wikiPageWikiLink Q7014671.
- Q157470 wikiPageWikiLink Q7251305.
- Q157470 wikiPageWikiLink Q7520948.
- Q157470 wikiPageWikiLink Q757382.
- Q157470 wikiPageWikiLink Q7632147.
- Q157470 wikiPageWikiLink Q8482205.
- Q157470 wikiPageWikiLink Q860110.
- Q157470 wikiPageWikiLink Q885621.
- Q157470 type Thing.
- Q157470 comment "A debtor is an entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.If X borrowed money from his/her bank, X is the debtor and the bank is the creditor.If X puts money in the bank, X is the creditor and the bank is the debtor.It is not a crime to fail to pay a debt.".
- Q157470 label "Debtor".