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LSDefine

Simple English definitions for legal terms

joint debtor

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A quick definition of joint debtor:

A joint debtor is someone who owes money along with one or more other people. They are all responsible for paying back the same debt. For example, if two friends take out a loan together, they are both joint debtors and must both make payments to the lender.

A more thorough explanation:

A joint debtor is a person who is responsible for paying the same debt as one or more other people. For example, if two people take out a loan together, they are joint debtors.

Other types of debtors include:

  • Absent debtor: A debtor who is not in the same area as their creditors.
  • Absconding debtor: A debtor who runs away to avoid paying their debt.
  • Account debtor: A person who owes money on an account or other type of financial obligation.
  • Concealed debtor: A debtor who tries to hide from their creditors.
  • Judgment debtor: A debtor who has been ordered by a court to pay a debt.
  • New debtor: A person who becomes responsible for a debt that was previously owed by someone else.
  • Solvent debtor: A debtor who has enough assets to pay off all of their debts.

Understanding the different types of debtors can be important in legal and financial situations. For example, if a creditor is trying to collect a debt, they may need to know if there are any joint debtors who can also be held responsible for the debt.

joint creditor | joint-defense privilege

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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