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Debtors are individuals or businesses that owe money, whether to banks or other individuals. Debtors are often called borrowers if the money owed is to a bank or financial institution, however, they are called issuers if the debt is in the form of securities.
For example, 'A' borrows money from the Bank. A is the debtor, and Bank is the Creditor. But, if 'A' deposits money in the Bank, then, A is the Creditor, and Bank is here debtor. Short-Term debtor When the debt is provided for a short term (less than a year), the debtor is termed as short term. Debtor - Definition - The Economic Times - IndiaTimes indiatimes.com ? definition ? debtor indiatimes.com ? definition ? debtor
This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.