Bankruptcy definitions beginning with D

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A person or business that owes money to another person or business.
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A person who has filed a petition for relief under the Bankruptcy Code.
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Browse Related Terms: bankruptcy petition, involuntary filing, joint petition, matrix, schedules, voluntary filing

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The management of a business in a Chapter 11 reorganization that continues to operate and control the debtor after the petition is filed, unless the court orders otherwise.
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Browse Related Terms: affiliate, family farmer, family farmer or family fisherman

A judgment rendered because of the defendants failure to answer or appear.
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Browse Related Terms: appeal, final decree, judgment, judicial lien, summary judgment

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In an Adversary Proceeding, the person complained against; in a criminal case, the person accused of the crime.
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An individual (or business) against whom a lawsuit is filed.
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Browse Related Terms: adversary proceeding, answer, complaint, contested matter, court reporter, docket, plaintiff, pro se, straight bankruptcy

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An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
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Browse Related Terms: Affidavit, bench trial, brief, counsel, discovery, evidence, jurisprudence, subpoena

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A legal device that prevents creditors from trying to collect prebankruptcy debts from debtors after a bankruptcy is over.
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A release of a debtor from personal liability for certain dischargeable debts set forth in the Bankruptcy Code. (A discharge releases a debtor from personal liability for certain debts known as dischargeable debts and prevents the creditors owed those debts from taking any action against the debtor to collect the debts. The discharge also prohibits creditors from communicating with the debtor regarding the debt, including telephone calls, letters, and personal contact.)
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Browse Related Terms: consumer debt, consumer debtor, consumer debts, dischargeable debt, insider (of corporate debtor), insider (of individual debtor), nondischargeable debt, objection to dischargeability, reaffirmation agreement, unscheduled debt

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Gives creditors in Chapter 11 reorganization information to use in deciding whether to vote to accept or reject a plan of reorganization.
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A written document prepared by the chapter 11 debtor or other plan proponent that is designed to provide "adequate information" to creditors to enable them to evaluate the chapter 11 plan of reorganization.
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Browse Related Terms: amortize, ballot, confirmation, exclusivity period, plan, plan of reorganization, preference or preferential debt payment, reorganization

Lawyers examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
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Browse Related Terms: Affidavit, bench trial, brief, counsel, deposition, evidence, jurisprudence, subpoena