A creditor is a physical person or corporation possessing a debt claim on another person, called the debtor. In other words, it is the person who is owed a debt.

A distinction must also be made between a preferred creditor and an unsecured creditor.

Updated 20/11/2017

Definitions provided under this section refer to the Belgian situation; unless specified otherwise. The texts are meant to summarize concepts in daily language and should not be considered as comprehensive or definite. We welcome suggestions for modifications or additions at