A creditor is a natural or legal person to whom a debt is owed. In the example of a debtor being the person who borrows money from a bank, the bank is the creditor of the person who has borrowed money. The creditor gives something of value to the debtor and the debtor agrees to repay the creditor according to their agreement.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.