Noun
One who owes a debt; one who is indebted; -- correlative to creditor.
Source: Webster's dictionaryA consumer proposal can only be made by a debtor with debts to a maximum of $250,000 (not including the mortgage on their principal residence). Source: Internet
A consumer proposal is a negotiated settlement between a debtor and their creditors. Source: Internet
A debtor in possession can acquire financing and loans on favorable terms by giving new lenders first priority on the business's earnings. Source: Internet
All powers of the board of directors, and the partners of the corporate debtor, will also cease to have effect. Source: Internet
By giving the lender the cloak as well the debtor was reduced to nakedness. Source: Internet
A person or debtor can declare himself or herself bankrupt by lodging a debtor's petition with the Official Receiver, which is the Australian Financial Security Authority (AFSA). Source: Internet