Voorbeelden van obligor

• What is minimally required is something done by the obligor.

• Often, but not always, the obligor is a non-custodial parent.

• The obligor and obligee have rights and obligations specially prescribed by law.

• This rating changes as and when new information is available about the obligor's financial health.

• The responding court, with only one side represented tended to benefit the obligor.

• Furthermore, the obligor can raise against the assignee counterclaims and setoffs that the obligor had against the assignor.

• The other obligors could no longer seek any type of contribution from the renounced obligor if one were then required to render the whole performance.

• The responding state, which would have personal jurisdiction over the obligor, would provide notice and a hearing for obligor.

• If the borrower defaults, then the creditor can force the obligor into bankruptcy and the creditors will divide all assets of the obligor.

• For instance, if the obligor has a change in income or faces financial hardship, they may petition the court for a reduction in support payments.

• If the obligor owes back child support, they must continue to make payments until the debt is satisfied, regardless of the age of the child.

• It is akin to entirely eliminating that obligor from the obligation.

• In some cases, the responding court only had evidence from the obligor and not have any evidence from the initiating state or the obligee.

• Criminal enforcement relied upon the obligee state demanding the extradition of the obligor, or for the obligor to surrender.

• Such clauses should be distinguished from liquidated damages clauses, which do not result in binding judgments against the obligor.