Consumer debt definition

Consumer debt means any obligation or alleged obligation of
Consumer debt. ’ means debt incurred by an individual primarily for a personal, family, or household purpose;
Consumer debt means money or its equivalent, or a loan or advance

Examples of Consumer debt in a sentence

  • The Customer files for bankruptcy according to the Bankruptcy Act or files for debt restructuring or liquidation according to the Consumer Debt Clearance Act.

  • On July 10, 2020, Plaintiffs Xxxxx Xxxxxxxxx, a Maryland homeowner, initiated a class action lawsuit in the Circuit Court for Baltimore County, alleging that Xxxxxxxxxx violated the Maryland Consumer Debt Collection Act (“MCDCA”), the Maryland Consumer Protection Act (“MCPA”), and Maryland’s usury law.

  • The Applicant petitions for bankruptcy in accordance with the Bankruptcy Act or petitions for recovery or liquidation in accordance with the Consumer Debt Cleanup Act.


More Definitions of Consumer debt

Consumer debt means any obligation or alleged obligation of a consumer to pay money arising out of a trans- action in which the money, property, insurance, or services which are the subject of the transaction are primarily for per- sonal, family, or household purposes. Consumer debt includes medical debt.
Consumer debt or "consumer credit" means money, property, or their equivalent, due or owing or alleged to be due or owing from a natural person by reason of a consumer credit transaction.
Consumer debt means an obligation, or an alleged obligation, primarily for personal, family, or household purposes and arising from a transaction or alleged transaction.
Consumer debt or "consumer credit" means money,
Consumer debt means a secured or unsecured debt that is for money owed or alleged to be owed and arises from a consumer transaction.
Consumer debt means an obligation, or an alleged
Consumer debt or “consumer credit” means money, property, or their equivalent, due or owing, or alleged to be due or owing, from a natural