A bankruptcy debtor refers to a person or a company that is unable to pay their debts and seeks legal protection through the process of bankruptcy. This means they are broke and cannot afford to pay the money they owe to others. Full definition
We also provide bankruptcy counseling and bankruptcy debtor education services, including pre bankruptcy credit counseling for a bankruptcy certificate, in addition to advice on how to consolidate debt. (consumercredit.com)
As expected, as the number of consumers filing bankruptcy has continued to decrease, the revenue of the consumer bankruptcy debtor and creditor bar has been hit hard. (creditslips.org)
There is an aspect of the bankruptcy law called the Means Test, which dictates the chapter of bankruptcy the debtor files. (greenpath.com)