babycat
11:11
Simple English definitions for legal terms
Read a random definition: hornbook law
Definition: A domestic creditor is a person or entity who is owed money by another person or entity and resides in the same state or country as the debtor or the debtor's property.
Example: If John owes money to his neighbor, who also lives in the same state, the neighbor is considered a domestic creditor.
This example illustrates the definition of a domestic creditor because the neighbor is owed money by John and resides in the same state as John, making them a domestic creditor.