- common debtor
- (Scotch.) A debtor whose chattels have been seized by several creditors.
Ballentine's law dictionary. Anderson, W.S.. 1998.
common debtor
Look at other dictionaries:
common debtor — noun (Scots law) A debtor who is also owed money by a third party: the sum owed to him or her may be arrested (qv) and transferred directly to his or her creditor • • • Main Entry: ↑common … Useful english dictionary
common — Belonging or shared equally by more than one. Of frequent occurrence. Without special or distinguishing characteristics. An incorporeal hereditament which consists in a profit which one man has in connection with one or more others in the land of … Black's law dictionary
common — Belonging or shared equally by more than one. Of frequent occurrence. Without special or distinguishing characteristics. An incorporeal hereditament which consists in a profit which one man has in connection with one or more others in the land of … Black's law dictionary
debtor in possession — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… … Glossary of Bankruptcy
debtor-in-possession — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… … Glossary of Bankruptcy
debtor — the entity seeking protection from creditors under the bankruptcy laws (Glossary of Common Bankruptcy Terms) A person who has filed a petition for relief under the bankruptcy laws. (BankruptcyAction.com) The debtor is the entity ( person,… … Glossary of Bankruptcy
Debtor-in-possession financing — or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company. It gives a … Wikipedia
insider of corporate debtor — a director, officer or person in control of the debtor or a partnership in which the debtor is a general partner; a general partner of the debtor or a relative of a general partner, director, officer or person in control of the debtor (Glossary… … Glossary of Bankruptcy
Court of Common Pleas (England) — For other uses, see Court of Common Pleas (disambiguation) … Wikipedia
deed of priority — An agreement, usually a deed, under which two or more creditors agree among themselves the rights which they shall have as between each other in relation to their debts from the same debtor and the order of priority in which their respective… … Law dictionary
