consumer debtor

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

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