Insolvency & Liquidation

11th June 2018
Published by Insolvency & Liquidation at 11th June 2018
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Debtor

A debtor is a person or company that owes money to another person or company. A company is therefore owed money by its debtors and the […]
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11th June 2018
Published by Insolvency & Liquidation at 11th June 2018
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Trustee

The trustee in bankruptcy is either the Official Receiver or an insolvency practitioner who takes control of your assets. The trustee’s main duties are to obtain […]
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11th June 2018
Published by Insolvency & Liquidation at 11th June 2018
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Unsecured Creditor

An unsecured creditor is a creditor that lends you money simply based on your promise to repay rather than requiring you to pledge collateral as security […]
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11th June 2018
Published by Insolvency & Liquidation at 11th June 2018
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Secured Debt

A secured debt is one which the lender has hard collateral pledge to guarantee the loan in case of default by the borrower. For example, a […]
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