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What is DebtorCC?

DebtorCC.org is approved to provide bankruptcy credit counseling (first bankruptcy course) in all US states and territories. How long is the first bankruptcy course? The course is not timed. As long as you complete the course and chat with a credit counselor, you will be provided a certificate of completion.

What does it mean when a debtor has a credit balance?

Essentially, a credit balance refers to an amount that a business owes to a customer. Its when a customer has paid you more than the current invoice stipulates.

What is a debtors credit?

Debtor or creditor are words you have probably heard before, but you might not be sure what they mean. They describe a relationship where one party owes money to another party. The debtor is the party that owes the money (debt), while the creditor is the party that loaned the money.

What does it mean if an account has a credit balance?

A credit balance refers to the amount of money or credit that is present in a financial account, which indicates that the account holder has funds available to them or has paid more than they owe. A credit balance indicates a positive value for the account holder in the context of financial resources or standing.

What is credited to a debtors account?

The debts written off as bad, if recovered subsequently, are credited to the Debtors Account.

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