The debtor agrees to pay the debt over a three-year period.
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The voluntary prepackaged Chapter 11 case was filed in the United States Bankruptcy Court for the Southern District of Texas, with the company’s lenders agreeing to provide $75 million in debtor-in-process financing.—Arthur Zaczkiewicz, Footwear News, 20 May 2026 By contrast, a turnover order takes the debtor's interest and either gives it to the creditor or the interest is auctioned off and the creditor gets the proceeds from the sale.—Jay Adkisson, Forbes.com, 18 May 2026 Calvo is taking an aggressive stance in seeking to collect outstanding balances from the debtors, including the hospitals, arguing that the city cannot continue allowing large private institutions to accumulate unpaid debt while enforcing strict payment rules on residents.—Verónica Egui Brito, Miami Herald, 15 May 2026 Once that judgment is entered, the creditor may be able to ask the court to allow wages to be garnished, liens to be placed on property or bank account funds connected to the debtor to be frozen.—Angelica Leicht, CBS News, 6 May 2026 See All Example Sentences for debtor