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The Marshalsea (1373–1842) was a notorious prison in Southwark, just south of the River Thames.Although it housed a variety of prisoners—including men accused of crimes at sea and political figures charged with sedition—it became known, in particular, for its incarceration of the poorest of London's debtors. [1]
A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.
A debtor has the right to request written validation of the debt; [33] A debtor may demand that the collector cease communication. [10] Section 809 of the Act directs that for disputed debts "the debt collector shall cease collection of the debt, or any disputed portion thereof, until the debt collector obtains verification of the debt".
The bankruptcy case of Colorado football safety Shilo Sanders is now mired in a fight over Sanders’ efforts to keep some of his financial information private even as he tries to free himself ...
A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to secure him) of ultimate repayment of the debt owed to him. This could be by way of, for example, a mortgage, where the property represents the security. An unsecured creditor does not have a charge over the debtor's assets. [2]
Insurance is getting harder to find and more expensive in much of the country. Just ask homeowners' associations. Mirroring trends in the single-family home market, insurers are boosting premiums ...
A wealth of new information about Earth’s inner core has surfaced in recent months. Scientists now have evidence that the planet’s innermost layer is changing shape.
The issue was what income a debtor could shield from creditors in bankruptcy. [112] In an 8–1 decision, Kagan's opinion for the majority held that the Chapter 13 Bankruptcy statute prevents a debtor from taking an allowance for car-related expenses where the debtor owns the car outright and does not make loan or lease payments. She reasoned ...