A debtor is a physical person or a corporation owing something to another person, called the creditor. In terms of debt collection, the debt is a sum of money. The debtor therefore has an obligation to pay this sum of money, the debt, to their creditor.


Updated 15/11/2017

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