number of debtors days. Debtor days can also be referred to as debtor collection period. Another common ratio is the creditors days ratio. Debtor days = Year...

A debtors' prison is a prison for people who are unable to pay debt. Until the mid-19th century, debtors' prisons (usually similar in form to locked workhouses)...

jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have...

pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt...

debtor in possession typically has the first opportunity to propose a plan during the period of exclusivity. This period allows the debtor 120 days from...

period. Debtor collection period = ⁠Average debtors/ Credit sales⁠ × number of days365 (average debtors = debtors at the beginning of the year + debtors at...

Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S....

the debtor's "current monthly income" and the median income for the debtor's state. If the debtor's income exceeds the median income, then the debtor must...

often applied to determine how bankruptcy affects the property rights of debtors. For example, laws governing the validity of liens or rules protecting...

Debtor finance is a process to fund a business using its accounts receivable ledger as collateral. Generally, companies that have low working capital reserves...

common payment term is Net 30 days, which means that payment is due at the end of 30 days from the date of invoice. The debtor is free to pay before the due...

the corporate debtor (Section 10) itself. Section 11 enumerates the persons not entitled to make an application, such as corporate debtor who was in a...

in most instances, the debtor may choose under which chapter to file. In the case of an involuntary bankruptcy, the debtor may also choose to convert...

timing of payment in relation to the debtor proffering payment. The charterers had procured a vessel for 3 months, 15 days with a payment due on April 12,...

relieving the debtor of the need to repay the debt. In the U.S., this results in the sending of a 1099 C tax form to the debtor, which the debtor is required...

goods if a debtor is in default and the repossession can be conducted without a breach of the peace. Being "in default" means that the debtor has failed...

procedures: The debtor may be summoned to appear before the court if the judgment or order has not been complied with for a period of ten days from the date...

judgments and empowers a County Court bailiff to attend a judgment debtor’s (hereafter, debtor) address to take goods for sale. The closest equivalent in Scotland...

30 days of the date of order for relief. If the trustee does not take action, within those 30 days, the contract is by default rejected. Non-debtors are...

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called...

order is a formal declaration that a debtor is insolvent. The order is granted either at the instance of the debtor himself (voluntary surrender) or at...

allows the plaintiff (the "garnishor") to take the money or property of the debtor from the person or institution that holds that property (the "garnishee")...

or wages of the judgment debtor. Once an emoluments attachment order has been granted, the employer of the judgment debtor (who is referred to as the...

be followed on by perfection. Attachment occurs when value is given, the debtor has rights in the collateral, and it is enforceable against third parties...

credit-worthiness of individuals. An alleged debtor is sent postal notification of an impending County Court case, and has fourteen days to respond, by paying the money...

Debtors' Prison Relief Act of 1792 was a United States federal statute enacted into law by the first President of the United States George Washington...

Debtors Anonymous (DA) is a twelve-step program for people who want to stop incurring unsecured debt. Collectively they attend more than 500 weekly meetings...

action that arises in debtor/creditor relations, typically brought by creditors or by bankruptcy trustees against insolvent debtors, but in some jurisdictions...

the amounts received from the subsequent debtor is credited to the earlier debtor's account so that one debtor's account does not show an outstanding balance...

Despite these facts, the Debtor continued to accept online orders and charge consumers credit cards at least until weeks or days before the petition date...