Encyclopedia

Debtor


debtor - a citizen, including an individual entrepreneur, or a legal entity who has become unable to satisfy the claims of creditors regarding monetary obligations and (or) fulfill the obligation to pay mandatory payments within the period established by this Federal Law;

Source: Federal Law No. 127-FZ dated October 26, 2002 (version as amended on July 28, 2012, with amendments dated October 16, 2012) "On Insolvency (Bankruptcy)"

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