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By IncNow | Published October 19, 2013

A person or company that owes a financial obligation to one or more creditors. Often this is to repay money or to pay for breaches of an obligation. A judgment debtor is one who a court has ruled in favor of, who has a judgment lien on debtors’ assets. A debtor may also voluntarily secure the debt to a creditor by pledging collateral in the form of tangible or intangible property.

When deciding where to form your company, consider that Delaware has advantages over your home state that may benefit you. Go