Dec 9, 2013 | Corporate Glossary, Glossary, Litigation Glossary
A person to whom or business to which the debtor owes money or that claims to be owed money by the debtor.Dec 9, 2013 | Corporate Glossary, Glossary, Litigation Glossary
A debtor’s detailed description of how the debtor proposes to pay creditors’ claims over a fixed period of time.Dec 9, 2013 | Corporate Glossary, Glossary, Litigation Glossary
The value of a debtor’s interest in property that remains after liens and other creditors’ interests are considered. (Example: If a house valued at $60,000 is subject to a $30,000 mortgage, there is $30,000 of equity.)Dec 9, 2013 | Corporate Glossary, Glossary
To obtain an official charter or articles of incorporation from the state for an organization, which may be a profit-making business, a professional business such as a law office or medical office or a non-profit entity which operates for charitable, social,...Dec 9, 2013 | Corporate Glossary, Estate Planning Glossary, Glossary, Litigation Glossary
Director, officer, or person in control of the debtor; a partnership in which the debtor is a general partner; a general partner of the debtor; or a relative of a general partner, director, officer, or person in control of the debtor.Dec 9, 2013 | Corporate Glossary, Estate Planning Glossary, Glossary, Transactional Glossary
Any relative of the debtor or of a general partner of the debtor; partnership in which the debtor is a general partner; general partner of the debtor; or corporation of which the debtor is a director, officer, or person in control.