Debtors

Some articles on debtors, debtor:

Collection Agency - Debtors
... The person who owes the bill or debt is the debtor ... Debtors may fail to pay (default) for various reasons because of a lack of financial planning or overcommitment on their part due to an unforeseen eventuality such as the loss of a job or health ... The debtor may be either a person or an entity such as a company ...
Cram Down - Home Mortgage Loans
... interest rate or other terms) on creditors who hold loans secured by mortgages on debtors' primary residences ... an automatic stay of any legal process against debtors or their assets (except perhaps legal process involving criminal law or family law) while bankruptcy is pending ... Once relief is granted, creditors may proceed with foreclosure immediately while debtors' other financial obligations await restructuring by the bankruptcy court ...
Sponging-house
... a place of temporary confinement for debtors in the United Kingdom ... a complaint with the sheriff, the sheriff sent his bailiffs, and the debtor would be taken to the local sponging-house ... This was not a debtor's prison, as such, but a private house, often the bailiff's own home ...
Classification Of Accounts
... groups Real – all the assets except Debtors Nominal – all the expenses, incomes, losses, gains ... Similarly, if the debtors' personal accounts are retained at total amount due, a valuation account on the credit - provision for doubtful debts is required ... In the balance sheet, it is shown as a reduction from sundry debtors account to reflect estimated realizable value ...
The Second Charlotte County Gaol
... Gaol were four cells intended for women, children and debtors ... Debtors made up a large bulk of the prison population until the practice of imprisoning debtors ended in 1939 ...

Famous quotes containing the word debtors:

    Forgetfulness. A gift of God bestowed upon debtors in compensation for their destitution of conscience.
    Ambrose Bierce (1842–1914)

    I never heard of an old man forgetting where he had buried his money! Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors.
    Marcus Tullius Cicero (106–43 B.C.)

    So, summoning his master’s debtors one by one, he asked the first, How much do you owe my master?’ He answered, A hundred jugs of olive oil.’ He said to him, Take your bill, sit down quickly, and make it fifty.’
    Bible: New Testament, Luke 16:5,6.