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debtor’s property.See PROPERTY OF THE DEBTOR. [Blacks Law 8th]

debtor’s petition.See voluntary petition under PETITION. [Blacks Law 8th]

debtor’s examination.Bankruptcy. A meeting between a debtor and his or her creditors during which the creditors ask the  debtor questions designed  to uncover information about the location and  extent  of  the  debtor’s  assets  and  the  dischargeability  of  debts.  •  The  examination  may  be conducted under § 343 of the Bankruptcy Code or Rule 2004 of…

Debtor’s Act of 1869.An English statute that, among other things, (1) abolished imprisonment for debt except in certain cases, as when a debtor owed a debt to the Crown or a debtor had money but  refused  to  pay  a  debt,  (2)  abolished  arrest  by  mesne  process,  that  is,  by  compelling  the defendant to appear and…

debtor rehabilitation.See REHABILITATION(3). [Blacks Law 8th]

debtor-in-possession.Bankruptcy.  A  Chapter  11  or  12  debtor  that  continues  to  operate  its business    as    a    fiduciary    to    the    bankruptcy    estate.    •    With    certain    exceptions,    the D debtor-in-possession has all the rights, powers, and duties of a Chapter 11 trustee. — Abbr. DIP. [Cases: Bankruptcy    3622, 3672. C.J.S. Bankruptcy §§ 374, 417.] [Blacks Law 8th]

  debtor.  1.  One  who  owes  an  obligation  to  another,  esp.  an  obligation  to  pay  money. 2.Bankruptcy. A person who files a voluntary petition or against whom an involuntary petition is filed — Also termed bankrupt. [Cases: Bankruptcy    2221. C.J.S. Bankruptcy § 45.] “Section  101  [of  the  Bankruptcy  Code]  also  introduces  us  to  the  language …

debt of record.See DEBT. [Blacks Law 8th]

debt  limitation.A  ceiling  placed  on  borrowing  by  an  individual,  business,  or  government.  • The  constitutions  of  many  states  prohibit  the  states  from  incurring  debt  in  excess  of  a  stated amount. Other state constitutions allow states to incur debt above a stated amount only through a vote of the people. — Also termed limitation on indebtedness.…

debt instrument.A written promise to repay a debt, such as a promissory note, bill, bond, or commercial paper. [Cases: Bills and Notes    28. C.J.S. Bills and Notes; Letters of Credit§§ 2–3, 7–9, 12, 22, 75.] [Blacks Law 8th]