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A debtor is someone who owes a debt or obligation to someone else. Most commonly, this is the obligation to pay money.
What is debtors answer?
A debtor is a company or individual who owes money. The debtor is referred to as a borrower when the debt is in the form of a loan from a financial institution and as an issuer if the debt is in the form of securities such as bonds.
What does it mean if I have debtors?
A debtor is an individual, business or any other entity that owes money to another entity because they have been provided with a service or good or borrowed money from an institution.
What does it mean if I am a debtor?
A debtor is a person or organisation that owes money. This will often be owed for services or goods, or because they have borrowed money. In most instances, the debtor will have a legal obligation to pay the debt. The person they owe the money to is known as a creditor.
What does the garnishment answer mean?
Garnishment is a legal process by which a person to whom you owe money and who has started a lawsuit against you seeks to obtain money from your bank account or paycheck.
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It is Jesus Christ who has made Paul a debtor by committing the gospel to his trust. He was in debt to the Romans. As apostle to the Gentiles he was particularly in debt to the Gentile world, both to Greeks and non-Greeks (literally barbarians), both to the wise and the foolish (v. 14).
What does the Bible say about being a debtor?
To fall short in righteous living is to become a debtor. For this reason we pray, Forgive us our debts (Matthew 6:12). Those who are ministered to in spiritual things are said to be debtors to those who minister to them (Romans 15:27).
Related links
11 U.S. Code 303 - Involuntary cases - Cornell Law School
The debtor, or a general partner in a partnership debtor that did not join in the petition, may file an answer to a petition under this section.
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