The process may be initiated by either the debtor or the creditors. A consumer proposal is a negotiated settlement between a debtor and their creditors. An IVA is a private agreement between a debtor and creditors. This involves reporting annually to the creditors, debtor and the court. This process continues until a common agreement between creditors and the debtor country is reached. Children of a deceased debtor may be forced into slavery to pay off outstanding debts. The second party is frequently called a debtor or borrower. Both of lender and debtor must trust the writer. The property must belong to the judgment debtor. There is no privity of contract between a surety and the principal debtor. Certain property belonging to the judgment debtor may not be attached and sold in execution. The IMF moved to restructure the payments and reduce government spending in debtor countries. An example was a case involving the former CEO of a bank as the debtor. If the debtor had anything, he would pay. The company began to operate as a Debtor in possession.