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Definition Obligor - the person who owes money or other property as a result of a judgment or a contract.
Application in Divorce An obligator is also called a debtor or a promisor. The party making the mortgage is the obligor.
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  1. Dividing the Marital Debt Upon Divorce
    When the decision to divorce has been made, couples should gather as much financial information as possible. In a divorce, a couple divides what they own and what they owe. Any piece of information about these two sides of the coin is important.
    Contributed on 7/11/2007 by: DivorceDex.com Staff
    Category: Debt Division   (Applicable in All States)
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