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LSDefine

Simple English definitions for legal terms

joint debtor

Read a random definition: unde nihil habet

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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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