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LSDefine

Simple English definitions for legal terms

single creditor

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A quick definition of single creditor:

A creditor is someone who is owed money or goods by another person or entity. They have a claim that can be adjusted and paid off. A single creditor is a creditor who has a lien on one fund, while a lien creditor is a creditor whose claim is secured by a lien on the debtor's property. A secured creditor has the right to take collateral if the debtor defaults on their debt. An unsecured creditor takes no rights against specific property of the debtor.

A more thorough explanation:

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.

  • John owes $500 to ABC Bank. ABC Bank is the single creditor in this case.
  • In a bankruptcy case, if John owes money to three different credit card companies, each company is a single creditor for the amount owed to them.

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.

single-country fund | single-criminal-intent doctrine

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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