BNET Business Dictionary
Business Definition for: Debtor
- a person or entity owing money
Wiktionary Definition for: Debtor
- # economics A person or firm that owes money; one in debt; one who owes a debt
Additional Resources
- Morse gets debtor financing approval. (Morse Shoe Inc.)
- Morse gets debtor financing approval NEW YORK -- Morse Shoe Inc. recently received final bankruptcy court approval for $140 million debtor-in-possession financing from several banks led by The First National Bank of Boston. Morse gets debtor financing approval NEW YORK -- Morse Shoe Inc. ...
- Research articles 1991-03-18
- Third Circuit values debtor's liabilities at face value for purposes of insolvency analysis under Bankruptcy Code
- Third Circuit values debtor's liabilities at face value for purposes of insolvency analysis under Bankruptcy Code In a clear departure from precedent in other circuits, the Third Circuit has ruled that a debtor is "insolvent" for the purposes of bankruptcy when the value of the debtor's propertymeasured at its fair...
- Research articles 1998-09-01
- Debtor May Avoid Bankruptcy Remote Provisions by Orchestrating Filing of Involuntary Bankruptcy
- In order to increase certainty and to decrease the cost of borrowing, lenders have increasingly sought to prevent borrowers from filing bankruptcy petitions by including "bankruptcy remote provisions" in their borrowers' bylaws. Bankruptcy remote provisions are designed to make bankruptcy unavailable to a borrower without the affirmative consent of the...
- White papers 2003-01-01
- Notice To Debtor Of Assignment Of Debt
- This is a template for notice to debtor of assignment of debt. This form of notice would be given by a creditor to a debtor, stating that the debt has been assigned to a third party.
- Tools & templates 2007-12-01
- Notice And Tender By Debtor
- Prepare a Notice and Tender by Debtor with this easy-to-use template. With this notice, a debtor notifies a secured party that it intends to redeem certain collateral tendered as security under a loan agreement or other debt instrument and is tendering payment, in accordance with the Uniform Commercial Code.
- Tools & templates 2007-12-01
- House of Fabrics inks pact with bank group. (extends debtor-in-possession agreement with Bank of America)(Brief Article)
- House of Fabrics, which reported earlier this year that it would close 86 stores, has signed a definitive agreement with its bank group, led by Bank of America as agent, for an extension of its debtor-in-possession financing facility through April 3 House of Fabrics, which...
- Research articles 1996-02-05
- Trustee can't use IRS rights to reach debtor's home
- A bankruptcy trustee cannot assert the rights of the Internal Revenue Service in order to reach a debtor's home that she holds with her non-debtor husband as tenants by the entirety, the 4th U.S. Circuit Court of Appeals has said.
- Research articles 2004-08-18
- Ignoring debtor's request to sell seized stock costs the IRS.(TAX DEBTS)
- Ignoring a debtor's request to sell seized stock costs the IRS. The Service had seized the stock brokerage accounts of a couple who owed back taxes. The value of the accounts exceeded the tax debt. The two were worried that the value would fall, so ...
- Research articles 2006-05-05
- Delta Air Lines in negotiations to amend debtor-in-possession credit facility; Amendments would lower annual interest expense.
- M2 PRESSWIRE-15 March 2006-Delta-Air: Delta Air Lines in negotiations to amend debtor-in-possession credit facility; Amendments would lower annual interest expenseC1994-2006 M2 COMMUNICATIONS LTD RDATE:14032006 ATLANTA - Delta Air Lines (Other OTC: DALRQ) today announced that it has initiated negotiations with the...
- Research articles 2006-03-15
- Delta Air Lines Receives Lender Approvals For Amendments To Debtor-In-Possession Credit Facility.
- M2 PRESSWIRE-28 March 2006-Delta-Air: Delta Air Lines Receives Lender Approvals For Amendments To Debtor-In-Possession Credit Facility C1994-2006 M2 COMMUNICATIONS LTD RDATE:27032006 Will Lower Annual Interest Expense By More Than $30 Million ATLANTA - Delta Air Lines (Other OTC: DALRQ)...
- Research articles 2006-03-28
- EaglePicher Obtains Commitments for Debtor-in-Possession Financing
- EaglePicher Incorporated ("EaglePicher" or the "Company") announced that it has obtained a commitment from Goldman Sachs Credit Partners L.P. for $295 million of senior secured debtor-in-possession financing and a commitment from Angelo, Gordon & Co., L.P. and Tennenbaum Capital Partners, LLC for $50 million of junior secured debtor-in-possession financing, subject...
- Research articles 2005-11-07
- IMF approves $12 billion for Turkey: Jon Gorvett reports from Istanbul on the loan package which made Turkey the IMF's largest debtor nation
- Almost exactly a year after a financial crisis sent the Turkish economy into meltdown on 4 February 2001, the board of the International Monetary Fund IMF approved an extra US$12 billion loan package, making the country the Fund's biggest debtor, with the total now owing standing at a fulsome US$31...
- Research articles 2002-04-01
- GE Corporate Lending Provides $115 Million Debtor-in-Possession Credit Facility to The Bombay Company
- NORWALK, Conn. -- GE Commercial Finance Corporate Lending today announced it provided $115 million in debtor-in-possession financing to The Bombay Company, Inc. (OTCBB: BBAO). The financing will be used for working capital needs as the company restructures under Chapter 11.
- Research articles 2007-09-28
- MGRE's new DIP deal allows 130 more stores to shutter. (Merry-Go-Round Enterprises, Debtor-In-Possession financing agreement with Citicorp USA and GE Capital Corp.)(Brief Article)
- WASHINGTON FNS -- Merry-Go-Round Enterprises' new debtor-in-possession financing agreement with GE Capital Corp. and Citicorp USA allows the Joppa, Md.-based company to close up to 130 more stores. The company already has shrunk from 1,434 locations to approximately 980, a loss of 454 units,...
- Research articles 1995-07-28
- MGRE gets OK on $125 mil DIP financing. (bankruptcy court approves debtor-in-possession financing for Merry-Go-Round Enterprises) (Brief Article)
- NEW YORK FNS -- Merry-Go-Round Enterprises received final bankruptcy court approval of $125 million debtor-in-possession financial from CIT Group Business Credit. MGRE filed its Chapter 11 petition last month in Baltimore after it was unable to line up a new bank...
- Research articles 1994-02-02
- W&L arranged $300M DIP prior to filing: court papers; CEO gets new 5-year contract. (Woodward & Lothrop, debtor-possession financing package) (Brief Article)
- CEO gets new 5-year contract NEW YORK FNS -- Woodward & Lothrop locked in its $300 million debtor-in-possession package one week before its Chapter 11 filing, according to court documents. W&L entered bankruptcy proceedings here on Monday. As late...
- Research articles 1994-01-21
- W&L gets OK on $300M DIP plan. (Woodward & Lothrop, debtor-in-possession) (Brief Article)
- NEW YORK FNS--Woodward & Lothrop, Inc., has received bankruptcy court approval of a $300 debtor-in-possession financing package from CIT Group Business Credit. Myron Trepper, counsel to W&L, said the retailer plans to slash the total borrowings under the package to $250 million within...
- Research articles 1994-02-17
- Jay Jacobs, Inc., obtains $10M DIP financing. (debtor-in-possession, bankruptcy) (Brief Article)
- SEATTLE FNS -- Jay Jacobs, Inc., the 257-store men's specialty retailer that filed a Chapter 11 petition May 13, has reached an agreement with CIT Group for $10 million in debtor-in-possession financing. An earlier financing deal between the retailer and Seattle First ...
- Research articles 1994-08-30
- PILLOWTEX REDUCES ITS DIP FINANCING FACILITY TO $100 MILLION.(debtor-in-possession )(Brief Article)(Statistical Data Included)
- KANNAPOLIS, N.C.-Bankrupt Pillowtex is in no rush to borrow money. According to a recent filing submitted to the Securities and Exchange Commission, Pillowtex said it had agreed with its creditors to reduce the size of the financing facility from $125 million to $100 ...
- Research articles 2001-11-26
- Debtor must complete counseling before filing Chapter 13, rules U.S.
- A debtor was not eligible for Chapter 13 bankruptcy status when he did not complete required debt counseling prior to filing his case, the U.S. Bankruptcy Appellate Panel for the Eighth Circuit held. The counseling provision is mandated by the Bankruptcy Abuse Prevention and Consumer Debt Act...
- Research articles 2006-02-27
Neighboring Terms
Premier Vendor Content Whitepapers, webcasts & resources from our Power Center Sponsors
