Creditor

The legal concept of the creditor is a loan translation of the Italian creditore, which goes back to credere ( believe ). A believer believes therefore his debtor, that this blame ( amount owed ) will provide.

In contract law is referred to as a creditor, who may require another, the debtor, a power ( § 241 paragraph 1 sentence 1 BGB). The legal relationship between the creditor and the debtor is referred to as debt ratio. The totality of those who have claims against the debtor is referred to as a group of creditors. In order to enforce these make a claim.

In the enforcement ( enforcement ) creditor is the one who enforced from an enforceable title. ( Enforcement ) debtor, against whom shall be enforced from the enforceable title.

In the Swiss parlance, the term " creditor " in a debt simply means " Operate Santander ". In other words, creditors, " the person who enforced their claim to their favor so the debt collection process should be carried out ."

In the insolvency proceedings, the creditors represent their interests collectively. Main body is the so-called meeting of creditors, § 74 Insolvency Act. The creditors' meeting shall take the major decisions in the bankruptcy proceedings. In addition to the meeting of creditors nor a creditors' committee be established to support and monitor the liquidator in carrying out its duties, § 69 Insolvency Act.

The creditor is often equated with the beneficial owner. Although the creditors' property and the economic justifications can often coincide in one person, falling apart both properties is quite possible.