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What Is A Creditor?

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.

Speak to an Experienced Creditors Rights Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified creditors rights lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local creditors rights attorney to discuss your specific legal situation.

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