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Everything about Debtor

Legal entity that owes debt to another entity

A debtor or debitor is a legal entity 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. Wikipedia →

🧭 Start here: a 6-step reading path

  1. Read the overview: DebtorA 5-minute orientation
  2. Skim a recent paper: When Should Bankruptcy Law Be Creditor‐ or Debtor‐Friendly? Theory and EvidenceInfluential work since 2022
  3. Pick up a classic book: BillThe most-reprinted book on the subject
  4. Read the landmark paper: Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy ProtectionCited 254 times
  5. Go sideways: CreditorA closely related topic
  6. Go sideways: Individual voluntary arrangementA closely related topic

📖 Definitions

Noun A person or firm that owes money; one in debt; one who owes a debt.

Noun One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.

🗂️ The subject at a glance

  1. The history of the term “debtor”
  2. Types of debtors
  3. Legislation
  4. Default
  5. Debtor in Bankruptcy and Individual Voluntary Arrangements
  6. Other uses

🏆 Landmark papers (most cited)

🆕 Influential since 2022

📚 Books worth reading

Ranked by number of editions on Open Library, a rough measure of how lasting a book is.

🔗 Related topics