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LSDefine

Simple English definitions for legal terms

new debtor

Read a random definition: deterrent punishment

A quick definition of new debtor:

A debtor is someone who owes money to another person or entity. This can include someone who files for bankruptcy or against whom bankruptcy is filed. In secured transactions, a debtor can also be someone who has a property interest in collateral or is a seller of certain types of financial instruments. There are different types of debtors, such as absent debtors who are beyond the reach of service of process, joint debtors who are jointly liable for a debt, and new debtors who become bound by a security agreement previously entered into by someone else. A solvent debtor is someone who owns enough property to cover all their debts and against whom a creditor can enforce a judgment.

A more thorough explanation:

Definition: A new debtor is a person who becomes bound as a debtor under a security agreement previously entered into by another person. In general, a debtor is someone who owes an obligation to another, especially an obligation to pay money.

Examples:

  • John borrows money from a bank and uses his car as collateral. Later, he sells the car to Jane, who agrees to take over the loan payments and become the new debtor.
  • Tom and Jerry are joint debtors on a credit card account. When Tom dies, his estate becomes a new debtor and is responsible for paying his share of the debt.

These examples illustrate how a person can become a new debtor by taking over someone else's debt or by inheriting debt after someone's death.

new court commitment | new-debtor syndrome

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PuppyBot
10:41
i am also vitamin d deficient its really common in more tan people
PuppyBot
10:41
i also have high cholesterol
GreyCeaselessMammoth
10:41
oh that's interesting, is your skin more resistant to the sun??
JumpySubsequentDolphin
10:42
@GreyCeaselessMammoth: there isn’t much sun here ☹️
10:42
shaq is rite, gotta stay on top if this shit.
PuppyBot
10:42
pigmentation reduces vitamin D production in the skin
JumpySubsequentDolphin
10:42
also yeah Arabs are like perpetually vit d deficient. we get those big bulk pill bottles for everyone in my family
GreyCeaselessMammoth
10:43
that's so interesting, i have a lot of arab family but i haven't heard of that
GreyCeaselessMammoth
10:43
i guess it makes sense
JumpySubsequentDolphin
10:43
@shaquilleoatmeal: I still think that would hurt my stomach
lilypadfrog
10:43
@shaquilleoatmeal: quarterly is crazy I haven’t gotten a physical in over three years
PuppyBot
10:43
median vitamin D intakes of American blacks are below recommended intakes in every age group, with or without the inclusion of vitamin D from supplements.
JumpySubsequentDolphin
10:43
@GreyCeaselessMammoth: NO WAY!! from where mammoth
GreyCeaselessMammoth
10:44
egypt! wa usratik mineyn?
indian people are also vitamin d deficient lolol
cumsock
10:44
i want a burgerrrrrrrrrr cheesy burger double patty bacon pickles
10:44
i am vitamin d deficient lol
PuppyBot
10:44
no pickles
JumpySubsequentDolphin
10:45
@GreyCeaselessMammoth: I LOVE EGYPTIAN ARABIC IT KILLS ME
JumpySubsequentDolphin
10:45
im palestinian
shaquilleoatmeal
10:45
@lilypadfrog: lmao, i get vo2 testing done at a lab and they offer it so i just do it. Also wtf havent u gotten a physical in so long?!
GreyCeaselessMammoth
10:45
JUMPYYYY we're neighbors!!
cumsock
10:45
what if ur irish and u are pale enough to reflect light does that mean ur deficient
@GreyCeaselessMammoth: i eat mostly whole foods now on my day to day and its the best
PuppyBot
10:45
maybe. i also burn. so i dont get how im deficient
GreyCeaselessMammoth
10:46
well i'm white but my stepdad is egyptian so i've been there a bunch and raised in a multi-gen egyptian household
10:47
Bio Chemistry is odd, some ppl just cannot absorb certain nutrients/vits. Like some calcium deficient ppl actually loose more calcium when they increase intake.
10:48
also some ppl are hyper sensitive to hormones/vit/nutrients.
JumpySubsequentDolphin
10:48
@GreyCeaselessMammoth: love my masris
JumpySubsequentDolphin
10:48
@PuppyBot: I burn bad i don’t get it either
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