{"schema":"https://ver.cy/schemas/card/1.0.0","id":"vr.tr.debt","code":"thing-q3196867","url":"https://ver.cy/models/thing/q3196867/","name":"debt","alternateNames":["liabilities plus owner's equity","current liability","long-term liabilities","bad debt","distressed securities","debt to landlord","debt capacity","government debt","Household debt","debt of honor","tax debt","consumer debt"],"kind":"thing","status":"published","version":"0.2.0-wave.1","language":"en","classifiers":{"family":"Thing Registry","category":"Cross-cutting context","entryKind":"thing","plane":"XCT","domain":["XCT.STA"],"industry":[],"navPath":"","tags":[],"facets":{}},"whatItIs":"An obligation to pay money or deliver value owed by one party (the debtor) to another (the creditor), such as loans, bills, rent arrears and liabilities on a balance sheet.","purpose":"Let an agent explain debt factually by type, terms, rights and routes to free debt advice, without personal financial or legal advice.","scope":{"in":[],"out":[],"boundaries":[]},"distinguishingFeatures":["Obligation to pay","Secured or unsecured","Governed by contract and consumer law","Can cause severe stress"],"structure":{"bundles":[{"id":"type","name":"Type","description":"Which debt.","layers":[{"id":"kind","name":"Kind","description":"Consumer, secured, public.","findings":[{"id":"kind-finding","name":"Kind","description":"Debt type.","questions":[{"text":"What kind of debt is it?","kind":"definition"},{"text":"Is it secured?","kind":"definition"}]}]},{"id":"terms","name":"Terms","description":"Interest and schedule.","findings":[{"id":"terms-finding","name":"Terms","description":"Terms.","questions":[{"text":"What are the interest rate and repayment terms?","kind":"measurement"},{"text":"What happens if payments are missed?","kind":"boundary"}]}]}]},{"id":"rights","name":"Rights","description":"Protection.","layers":[{"id":"collection","name":"Collection","description":"Rules.","findings":[{"id":"collection-finding","name":"Collection","description":"Collection rules.","questions":[{"text":"What may creditors and collectors lawfully do?","kind":"provenance"},{"text":"How can unfair practices be reported?","kind":"action"}]}]},{"id":"insolvency","name":"Insolvency","description":"Options.","findings":[{"id":"insolvency-finding","name":"Insolvency","description":"Insolvency options.","questions":[{"text":"Which statutory debt solutions exist here?","kind":"provenance"},{"text":"Who can advise on them?","kind":"action"}]}]}]},{"id":"help","name":"Help","description":"Free advice.","layers":[{"id":"advice","name":"Advice","description":"Debt charities.","findings":[{"id":"advice-finding","name":"Advice","description":"Debt advice.","questions":[{"text":"Where can someone get free, independent debt advice?","kind":"action"},{"text":"Is the situation urgent?","kind":"boundary"}]}]},{"id":"wellbeing","name":"Well-being","description":"Stress.","findings":[{"id":"wellbeing-finding","name":"Well-being","description":"Well-being.","questions":[{"text":"Is the person in distress and in need of support services?","kind":"boundary"},{"text":"Which services can help?","kind":"action"}]}]}]},{"id":"accounting","name":"Accounting","description":"Liabilities.","layers":[{"id":"balance-sheet","name":"Balance sheet","description":"Current and long-term.","findings":[{"id":"balance-sheet-finding","name":"Balance sheet","description":"Liabilities.","questions":[{"text":"How is the debt classified on the balance sheet?","kind":"definition"},{"text":"Under which standard?","kind":"provenance"}]}]},{"id":"limits","name":"Limits","description":"No personal advice.","findings":[{"id":"limits-finding","name":"Limits","description":"Advice limit.","questions":[{"text":"Is the user asking what to do about their own debts?","kind":"boundary"},{"text":"How should the agent refer them?","kind":"action"}]}]}]}]},"agentConduct":{"may":["Calculate balances, interest and repayment schedules from the terms the user provides.","Explain a person's rights as a debtor or creditor in general terms and point to free debt advice."],"mustNot":["Threaten, harass or shame a debtor, or contact third parties about their debt unlawfully.","Misstate the amount owed, add charges the contract does not allow, or pursue debts already settled.","Take on or sign up for credit in someone's name without their decision.","Share a person's debt information beyond those with a lawful need."],"requiresHuman":["Agreeing to a repayment plan, settlement or insolvency step.","Starting collection or legal action against a debtor."]},"ethics":{"considerations":["Debt can trap people in poverty and harm their mental health.","Creditors and debtors both rely on honest records of what is owed."],"affectedParties":["Debtors and their households","Creditors","Guarantors and co-signers"]},"owners":{"steward":"The creditor holds the claim and the debtor the obligation; credit agencies keep reports of it.","roles":[],"masterSystems":["Credit reference records","Court judgment and insolvency registers"]},"relations":[{"target":"Q2648051","type":"parent","note":"registry parent class"},{"target":"obligation","type":"related","note":"category"},{"target":"credit","type":"related","note":"lending"},{"target":"liability","type":"related","note":"accounting"},{"target":"bond","type":"related","note":"debt security"}],"interaction":{"identity":{"applicability":"required","items":["Vercy registry: vr.tr.debt","Wikidata: Q3196867 (https://www.wikidata.org/wiki/Q3196867)"]},"properties":{"applicability":"not-applicable","items":[]},"recognition":{"applicability":"optional","items":["Principal, interest and repayment schedule","Current and long-term liabilities in accounts","Bad debt and arrears","Agreements, statements, bills and balance sheet lines."]},"capabilities":{"applicability":"required","items":["understand debt types and terms","check rights when in arrears","find free debt advice","record liabilities in accounts"]},"hazards":{"applicability":"required","items":["Unaffordable repayments","Aggressive collection practices","Mental health strain","Agents giving personal financial advice"]},"interfaces":{"applicability":"required","items":["Consumer credit law","Debt collection rules","Insolvency law","Accounting standards for liabilities"]},"context":{"applicability":"required","items":["Enabling borrowing and deferred payment; a liability to manage.","consumer debt","mortgages and secured debt","business debt and liabilities","public debt","arrears and bad debt"]}},"sources":[{"title":"Wikidata item Q3196867: debt","url":"https://www.wikidata.org/wiki/Q3196867","note":"identity and sense of the item"},{"title":"Wikipedia: Debt","url":"https://en.wikipedia.org/wiki/Debt","note":"general description of the item"}],"openQuestions":["Should debt types be separate entries?","How should debt advice services be localised?","How should public debt be split off?"],"resources":{"spec":"/models/things/publications/thing-q3196867/spec.json"},"provenance":{"origin":"thing registry research (pass 2)","builtFrom":["models/things/publications/thing-q3196867/spec.json"],"providers":["Claude"],"researchStatus":"unreviewed","generatedAt":"2026-09-11T07:52:46Z","builder":"tools/build_cards.py@1.0.0"},"completeness":{"sections":{"classifiers":"filled","whatItIs":"filled","purpose":"filled","distinguishingFeatures":"filled","structure":"filled","agentConduct":"filled","ethics":"filled","owners":"filled","relations":"filled","interaction.identity":"filled","interaction.properties":"not-applicable","interaction.recognition":"filled","interaction.capabilities":"filled","interaction.hazards":"filled","interaction.interfaces":"filled","interaction.context":"filled","sources":"filled"},"notes":{"_gate":"Published through the thing publication gate 1.0 on 2026-10-06T19:51:58+00:00: completeness 1.00; sense: Wikidata description; 2 live sources; review by codex: pass","interaction.properties":"Plane XCT: no invented physical properties."},"score":1.0}}