The phrase "debtor company" refers to a business or company that owes money to someone else or another company. It means that the company has borrowed funds or received goods or services on credit and needs to repay the amount owed.
Sentences with «debtor company»
In a CCAA restructuring, the debtor company remains in possession of its property and continues to conduct its business. (hoyes.com)
The procedure for corporate insolvency is similar to bankruptcy, but the statutory demand can be served by post on the registered office of the Debtor company and the minimum sum that can be pursued is # 750. (cleggssolicitors.com)
We may act for a debtor company attempting to restructure its affairs while holding off its creditors on one file, working for an accounting firm that is appointed by the court to act in the best interests of all creditors on a second file, and working for a secured creditor trying to recover as much as possible on the loans it made on a third file. (canadianlawyermag.com)