What does the corporate debtor mean?

The corporate debtor refers to the creditor who bears certain behavioral obligations to the company according to the agreed conditions in the creditor-debtor relationship. The legal person debtor may be a natural person, a legal person or an unincorporated organization.

legal ground

Article 3 Definitions of responsibilities of companies and shareholders in the Company Law

The company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.