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Debtor

West's Encyclopedia of American Law | 2005 | Copyright 2005 Gale, Cengage Learning. All rights reserved. (Hide copyright information) Copyright

DEBTOR

One who owes a debt or the performance of an obligation to another, who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. In bankruptcy law, a person who files a voluntary petition or person against whom an involuntary petition is filed. A person or municipality concerning which a bankruptcy case has been commenced.

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"Debtor." West's Encyclopedia of American Law. The Gale Group, Inc. 2005. Encyclopedia.com. 24 Dec. 2009 <http://www.encyclopedia.com>.

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