Debtor-Creditor Law
/ˈdɛtər ˈkrɛdɪtər lɔː/
Definitions
- (n.) The body of law governing the rights and duties between debtors and creditors, including the creation, enforcement, and discharge of debts.
Debtor-creditor law dictates how a creditor can collect a debt from a debtor.
- (n.) Legal principles addressing insolvency, bankruptcy, and secured transactions between parties owing money and those owed money.
Debtor-creditor law includes regulations on bankruptcy proceedings to protect both parties.
Forms
- debtor-creditor law
Related terms
See also
Commentary
Often overlaps with bankruptcy and secured transactions law; terminology and scope may vary by jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.