consumer debtor
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)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • consumer privacy ombudsman — A person appointed by the court to protect the privacy of a consumer debtor in the event the trustee sells or leases the debtor s property, if it contains personal information on consumers. (Bernstein s Dictionary of Bankruptcy Terminology)… …   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

  • Debtor Nation — Debtor Nation: The History of America in Red Ink   Author(s) Louis Hyman …   Wikipedia

  • 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

  • consumer credit agreement — a consumer credit agreement is an agreement under which credit is extended to an individual. Those agreements that are regulated agreements cover extensions of credit up to a statutory limit. These include credit sales, hire purchase, secured and …   Law dictionary

  • consumer credit — n: credit extended by merchants or banks to finance the purchase of consumer goods (as home appliances) or services (as travel or hotel accommodations) compare consumer debt at debt Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • debtor-creditor — Under the Consumer Credit Act 1974, a debtor creditor supplier agreement is one where the creditor (the person offering finance) is connected in some way with the dealer or supplier of the goods by the credit or where the creditor and supplier… …   Law dictionary

  • debtor-creditor-supplier — Under the Consumer Credit Act 1974, a debtor creditor supplier agreement is one where the creditor (the person offering finance) is connected in some way with the dealer or supplier of the goods by the credit or where the creditor and supplier… …   Law 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

  • Debtor — A company or individual who owes money. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower. If the debt is in the form of securities, such as bonds, the debtor is referred to as an issuer.… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”