obligor Definition på svenska

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Examples of obligor

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

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

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

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

  • 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.

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

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

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