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LSDefine

Simple English definitions for legal terms

solvent debtor

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A quick definition of solvent debtor:

A solvent debtor is someone who owes money to another person or entity but has enough property to cover all of their outstanding debts. This means that if a creditor takes legal action against them, they can enforce a judgment and collect the money owed. It is the opposite of an insolvent debtor, who does not have enough assets to pay off their debts.

A more thorough explanation:

Definition: A solvent debtor is a person who owes an obligation to another, especially an obligation to pay money, but owns enough property to cover all outstanding debts and against whom a creditor can enforce a judgment.

Example: John owes $10,000 to his creditor, but he owns a house worth $100,000 and has $50,000 in savings. John is considered a solvent debtor because he has enough assets to pay off his debt.

This example illustrates the definition of a solvent debtor. John owes money to his creditor, but he has enough assets to cover his debt. Therefore, his creditor can enforce a judgment against him to collect the debt.

solvendum in futuro | solvere

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haha suckers!!!!!!!!!!!!!!!!!
20:38
prolly have a lil family and hobbies what loosers
hahah losers like what? you travel? have a life? not me, i'm reading every line of a contract while my seniors go play golf and enjoy like hahaha suckers
20:40
yea inverse perspective, what is fun is not fun and what is not fun is fun
20:40
you get it.
i wanna be able to travel a ton too
my ex just posted a harry potter related joke i think i dodged a bullet
20:41
Im only going to law school to recruit members for the revolution
20:41
nice where u wanna go? yea bullet dodged fr
can we join even if we're not at ur school
20:44
yeah but youd be in a different chapter
20:44
are we revolting against people who do not use their signal whilst driving?
20:44
We’re revolting against the man, man
20:45
Power does not flow from the sleeve of a judges robe to paraphrase
fuck yeah i'm down
MrThickRopes
20:46
uhhh
MrThickRopes
20:46
Yeeeeaahh
MrThickRopes
20:46
PUT DA BEAT ON BRUH
20:48
Aight yall can join but I call dibs on being assassinated
MrThickRopes
20:49
Unc unc unc unc unc
MrThickRopes
20:49
Up in da club
MrThickRopes
20:49
Up in da club uns uns uns uns uns uns
the unction
20:55
just got a DUI while drinkin an NA beer in my car
20:55
someone help is some1 a hoya lowya here?!
MrThickRopes
21:03
Yoooo wtf
21:03
jk ropes but I do got ops fr
MrThickRopes
21:12
Me too bruh they praying on my downfall fr
21:19
bruh i got ppl tryna make my head a brain smoothie
21:19
serve me with some margarita mix and agave sweetener and summ
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