Legal English Word of the Day: Creditor

Word: Creditor

Definition:
A person or entity owed money by the debtor.

Sample Sentence:
The creditor objected to the debtor’s discharge of the loan in bankruptcy court.

Why It Matters:
Creditors play a key role in bankruptcy proceedings and collection actions.

Quick Tip:
File claims promptly to participate in bankruptcy distributions.

Source: https://www.uscourts.gov/glossary