Lexicon

Bankruptcy is a state in which a debtor can find himself after bankruptcy has been filed by the debtor or creditors. In the event of […]

A creditor is another word for the obligee. For more information, see creditor.

A creditor is a person who has a claim on another person (the debtor).

A debtor is a person who has an obligation to another (the creditor).

The term ‘Joint and several liability’ means that a debtor – even if there are several debtors – can be forced to fulfil the entire […]

The right of suspension means that a debtor can suspend the fulfilment of his obligation until the creditor fulfils his obligation (s). Conditions A suspension […]