Legal Definitions - solvent debtor

Definition: A solvent debtor is a person who owes an obligation to another, especially an obligation to pay money, but owns enough property to cover all outstanding debts and against whom a creditor can enforce a judgment.

Example: John owes $10,000 to his creditor, but he owns a house worth $100,000 and has $50,000 in savings. John is considered a solvent debtor because he has enough assets to pay off his debt.

This example illustrates the definition of a solvent debtor. John owes money to his creditor, but he has enough assets to cover his debt. Therefore, his creditor can enforce a judgment against him to collect the debt.