The debtor agrees to pay the debt over a three-year period.
Recent Examples on the WebBoth the documentary and Farhadi’s fiction film share the same basic story of an inmate in debtors’ prison who, while on leave, finds a bag of gold coins and struggles with the decision to keep the money or return it.—Scott Roxborough, The Hollywood Reporter, 13 Mar. 2024 Poverty Hollow was a debtors’ work farm and is now, because time has a sense of humor, the site of some of the town’s most McMansion-y developments.—Clare Beams, Peoplemag, 7 Apr. 2024 Information about the overdue debt includes the debtor's taxpayer identification number.—Kelly Phillips Erb, Forbes, 27 Mar. 2024 In Netflix’s hit Korean drama Squid Game, 456 desperate debtors competed to get rich — and all but one of them died trying.—EW.com, 20 Nov. 2023 Filing for bankruptcy triggers an automatic pause on efforts to collect from the debtor.—Aysha Bagchi, USA TODAY, 17 Feb. 2024 Targeting for-profit colleges and lenders, Chopra said he was troubled by an increasingly corporate higher-education system that was turning millions of students into debtors.—Noam Levey, NPR, 1 Mar. 2024 However, a debtor may then claim an exemption for property which is protected by either the Bankruptcy Code or the law of the state where the debtor is resident at the commencement of the bankruptcy case.—Jay Adkisson, Forbes, 21 Feb. 2024 Epner also noted that bankruptcy requires a debtor to be honest at the risk of criminal punishment.—Aysha Bagchi, USA TODAY, 17 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'debtor.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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