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  2. Debtor - Wikipedia

    en.wikipedia.org/wiki/Debtor

    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.

  3. Debt - Wikipedia

    en.wikipedia.org/wiki/Debt

    Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a ...

  4. Debt collection - Wikipedia

    en.wikipedia.org/wiki/Debt_collection

    An organization that specializes in debt collection is known as a collection agency or debt collector. [1] Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. [2] Historically, debtors could face debt slavery, debtor's prison, or coercive collection methods. In the 21st ...

  5. Common types of bankruptcy and how to avoid filing - AOL

    www.aol.com/finance/common-types-bankruptcy...

    Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.

  6. Debtor and Creditor - Wikipedia

    en.wikipedia.org/wiki/Debtor_and_Creditor

    Debtor and Creditor can refer to: Debtor; Creditor; See also. Debt This page was last edited on 28 December 2019, at 06:13 (UTC). Text is available under the Creative ...

  7. Creditor - Wikipedia

    en.wikipedia.org/wiki/Creditor

    These provisions vary from one jurisdiction to another, and may include the ability of a creditor to put a lien on a debtor's property, to effect a seizure and forced sale of the debtor's property, to effect a garnishment of the debtor's wages, and to have certain purchases or gifts made by the debtor set aside as fraudulent conveyances. The ...

  8. Lien - Wikipedia

    en.wikipedia.org/wiki/Lien

    garnishment lien—a lien on the debtor's property held by a garnishee. general lien—a possessory lien by which the lien holder may retain any of the debtor's goods in the lien holder's possession until any debt due from the debtor, whether in connection with the retained goods or otherwise, has been paid. Factors, insurance brokers, packers ...

  9. 3 Top Oil Stocks to Buy Before 2024 Is Over - AOL

    www.aol.com/3-top-oil-stocks-buy-150000000.html

    Devon Energy's debt rose after it acquired Grayson Mill Energy, but it expects to cut debt worth $2.5 billion over the next couple of years or so. Meanwhile, management is committed to paying a ...