Simple English definitions for legal terms
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A single creditor is a person or entity to whom a debt is owed. They are also known as a debtee. This creditor has a definite claim against another person or entity, which is capable of adjustment and liquidation. In bankruptcy, a single creditor is a person or entity that has a claim against the debtor before the order for relief concerning the debtor.
These examples illustrate that a single creditor is a person or entity to whom a debt is owed and has a definite claim against the debtor. In the first example, ABC Bank is the only creditor to whom John owes money. In the second example, each credit card company is a single creditor for the amount owed to them.