What are debtors?

Some articles on debtors, debtor:

Classification Of Accounts
... into three 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 ...
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 ... The debtor may be either a person or an entity such as a company ...
Sponging-house
... was a place of temporary confinement for debtors in the United Kingdom ... 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 ...
Cram Down - Home Mortgage Loans
... change the interest rate or other terms) on creditors who hold loans secured by mortgages on debtors' primary residences ... bankruptcy law provides for an automatic stay of any legal process against debtors or their assets (except perhaps legal process involving criminal law or family law) while ... Once relief is granted, creditors may proceed with foreclosure immediately while debtors' other financial obligations await restructuring by the bankruptcy court ...
The Second Charlotte County Gaol
... 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:

    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.

    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.)