Creditor | Practical Law

Creditor | Practical Law

Creditor

Creditor

Practical Law ANZ Glossary w-018-2811 (Approx. 2 pages)

Glossary

Creditor

A person which is owed money by another person.
Creditors may be secured or unsecured.
A creditor may wish to submit a formal statement of what the creditor believes it is owed (known as a proof of debt) to establish its claim against an insolvent company or individual. For more information on proving a debt, see: