Debtor Rights
/ˈdɛtər raɪts/
Definitions
- (n.) Legal protections and entitlements granted to a debtor in the context of debt repayment and insolvency.
Debtor rights ensure a fair process when a consumer faces foreclosure.
- (n.) Statutory or common law provisions limiting creditor actions against a debtor's property.
The exemption laws preserve debtor rights by protecting certain assets from seizure.
Forms
- debtor rights
- debtor right
Related terms
See also
Commentary
Debtor rights vary significantly by jurisdiction and type of debt; drafting should clearly specify applicable law and scope.
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.