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Debtor

A person who owes money, goods or services to another, the latter being referred to as the creditor.

A person who, owing a debt to another (i.e. creditor), may be required through judgment and enforcement proceedings, to pay it, or have the debt paid from the liquidation of his assets.

In the middle ages of the common law, in England, debtors were jailed until they paid their debt.

More than one person can be debtor for the same amount. See, for example, joint and several liability.

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Unless otherwise noted, this article was written by Lloyd Duhaime, Barrister, Solicitor, Attorney and Lawyer (and Notary Public!). It is not intended to be legal advice and you would be foolhardy to rely on it in respect to any specific situation you or an acquaintance may be facing. In addition, the law changes rapidly and sometimes with little notice so from time to time, an article may not be up to date. Therefore, this is merely legal information designed to educate the reader. If you have a real situation, this information will serve as a good springboard to get legal advice from a lawyer.

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