consumer debtor
- A person largely in debt from expenses related to personal, family, or household purposes, rather than business or commercial purposes
- After losing his job, John became a consumer debtor, unable to pay off his credit card bills and mortgage.
- Banks often try to work out repayment plans with consumer debtors before resorting to legal action.
- Bankruptcy laws offer different solutions depending on whether the filing party is a consumer debtor or a business debtor.
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