Consumer Debtor: Canada Debt .ca defines Consumer Debtor

Bankruptcy Term Consumer Debtor

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Canada Debt has the definition to the bankruptcy and debt term Consumer Debtor. Finding answers to terms such as Consumer Debtor can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Consumer Debtor in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Consumer Debtor' is used as follows:

A natural person who is bankrupt or insolvent and whose aggregate debts, excluding any debts secured by the person's principle residence, do not exceed $75,000 or such other maximum as is prescribed.