Bankruptcy terms starting with D

15 terms

  1. Debt An obligation to repay a sum of principal, plus interest. In corporate terms, debt often refers to bonds or similar securities.
  2. Debtor Someone who owes monies to another party.
  3. debtor education see credit counseling
  4. debtor-in-possession 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…
  5. default judgment A judgment rendered because of the defendants failure to answer or appear.
  6. Defendant An individual (or business) against whom a lawsuit is filed.
  7. Deposition An oral statement made before an officer authorized by law to administer oaths.
  8. Discharge (DIS-charj) In medicine, a fluid that comes out of the body. Discharge can be normal or a sign of disease.
  9. dischargeable debt A debt for which the Bankruptcy Code allows the debtor's personal liability to be eliminated.
  10. disclosure statement A written document prepared by the chapter 11 debtor or other plan proponent that is designed to provide "adequate information" to creditors to enable…
  11. Discovery This is when the Court orders each party (each side) to give each other information about the facts before the trial, to avoid surprise.
  12. Dismissal Process by which a court will terminate a case. With Prejudice - cannot refile. Without Prejudice - can refile at a later date.
  13. Distribution The sale of securities. Also refers to a sum payable to shareholders representing their share of profits.
  14. Dividend See Dividends
  15. docket A log containing brief entries of court proceedings.