What is a creditor?

A creditor is a person, organization or company to whom another person, organization or company owes money.
Understanding the terms relating to insolvency
When we are in debt, solutions are at hand, but it is not always easy to see them. While we are busy dealing with [...]

2020-03-28T16:07:12-04:00

What is a debtor?

A debtor is a person who has an obligation towards another person or an organization, including a requirement to pay an amount of money.

2020-03-28T16:07:12-04:00