1.A debtor is a person or an entity that is the subject of a bankruptcy action.
2.He is primarily liable for his debts.
3.He was imprisoned for debt.
4.If no payment of the debt is made, the party may be sued.
5.The balance sheet shows the corporation’s assets and liabilities.
6.The captain will not be responsible for any debts contracted by the crew.
7.The company collects debts for other companies for a commission.
8.The company had to borrow heavily to repay its debts.
9.The firm stopped trading with debts of over $1 million.
10.The judgment debtor was given fourteen days in which to show cause why the charging order should not be made absolute.