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A debtor or debitor is a legal entity (legal person) 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.
Debtors Anonymous (DA) is a twelve-step program for people who want to stop incurring unsecured debt.Collectively they attend more than 500 weekly meetings in fifteen countries, according to data released in 2011. [2]
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
This is a list of debtor nations by net international investment position per capita. This is a list of debtor nations of the world sorted by their net international investment positions (NIIPs) per capita. A debtor nation is a sovereign state that has a negative NIIP, i.e. a country that has net external liabilities, NOT net external assets. [52]
The 18th-century debtors' prison at the Castellania in Valletta, now the offices of the Health Ministry in Malta. A debtors' prison is a prison for people who are unable to pay debt. Until the mid-19th century, debtors' prisons (usually similar in form to locked workhouses) were a common way to deal with unpaid debt in Western Europe. [1]
This is a list of countries by government debt. Gross government debt is government financial liabilities that are debt instruments. [ 1 ] : 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future.
In 2019, the total debt of the 900 most indebted companies was $8,325 billion. The most indebted companies were in the oil and gas , utilities , telecommunication and automotive industries. [ 1 ] The world's most indebted company in 2021 was Toyota .
Also, the debtor can petition the court for a financial hardship discharge, but the grant of such discharges is rare.) The debtor's liability on a secured debt, such as a mortgage or mechanic's lien on a home, may be discharged. The effects of the mortgage or mechanic's lien, however, cannot be discharged in most cases if the lien affixed prior ...