consumer debts
consumer debts
Debts incurred for personal, as opposed to business, needs. (BankruptcyAction.com)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • consumer bankruptcy — A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts (SA Bankruptcy.com) A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts. (BankruptcyAction.com) United Glossary of… …   Glossary of Bankruptcy

  • consumer debt — Debts incurred by an individual for primarily personal, family or household purposes. Taxes are not consumer debts; neither are business loans. The means test only applies to those with consumer debt. (Bankruptcy in Brief) Used to describe debts… …   Glossary of Bankruptcy

  • Consumer Credit Act 1974 — United Kingdom Parliament Long title An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the …   Wikipedia

  • CONSUMER PROTECTION — is a new area of law; hence, the term does not appear in classical sources of Jewish law. The meaning of the concept is implied in the term itself: our generation is one of abundance, with great demands, numerous consumers, and extensive… …   Encyclopedia of Judaism

  • Consumer finance — in the most basic sense of the word refers to any kind of lending to consumers. However, in the United States financial services industry, the term consumer finance often refers to a particular type of business, sub prime branch lending (that is… …   Wikipedia

  • consumer debtor — A natural person who is bankrupt or insolvent and whose aggregate debts, excluding any debts secured by the person s principle residence, do not exceed $75,000 or such other maximum as is prescribed. (Dictionary of Canadian Bankruptcy Terms)… …   Glossary of Bankruptcy

  • Consumer Debt — Debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate. Possessing high levels of consumer debt is not typically beneficial for the average individual because it increases the strain on one s sources of… …   Investment dictionary

  • Consumer bankruptcy in Canada — See also: Insolvency law of Canada Consumer bankruptcy in Canada is governed by the Bankruptcy and Insolvency Act ( BIA ). [1] The legislation is complemented by regulations, as well as directives from the Office of the Superintendent of… …   Wikipedia

  • Consumer debt — Finance Financial markets Bond market …   Wikipedia

  • consumer credit — credit extended by a retail store, bank, finance company, or other lender, chiefly for the purchase of consumer goods. [1925 30] * * * Short and intermediate term loans used to finance the purchase of commodities or services for personal… …   Universalium

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