garantues

garantues

An individual who guarantees to pay lone or hire repayments of another party if that party is unable to pay.

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Part of Speech: noun
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Industry/Domain: Legal services
Category: Bankruptcy
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Related terms

skiptracing

Legal services; Bankruptcy

The process of locating an individual, e.g. a debtor, who has 'skipped town' or is in hiding.

riorganizim

Legal services; Bankruptcy

When an insolvent debtor reorganizes his assets, as opposed to liquidating them, and creditors have a claim on his future earnings.

procedurë qarkullim

Legal services; Bankruptcy

The required turning over of possessions of a bankrupt person to a trustee.

aktakuze

Legal services; Bankruptcy

Court order delivered to a debtor preventing him from selling assets, e.g. a house, without paying his debts to a claimant.

okupim i pronës

Legal services; Bankruptcy

When property belonging to the defendant is in the posession of a third party, a garnishee can be issued to sieze the property.

nulla bona

Legal services; Bankruptcy

In the process of claiming a bankrupt's assets, when a sheriff returns a writ execution to the court after a search has been made and no assets found.

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