Definition Of Judgement Debtor
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If a court renders a judgment involving money damages the losing party must satisfy the amount of the award which is called the judgment debt.
Definition of judgement debtor. One who has had a judgment rendered against him or her. Synonym discussion of judgment. In the past the judgment debtor could have been committed to prison or have a receiving order made against him in a judgment summons under the debtors act 1869. A person or company that is ordered by a court of law to pay money to another person or company.
A person who is obligated to satisfy a court decision. A person or company that is ordered by a court of law to pay money to another person or company. A person who is obligated to satisfy a court decision the term judgment debtor describes a party against which a court has made a monetary award. Verifyerrors message verifyerrors verifyerrors message.
Judgement debtor in english or american law a person against whom a judgment ordering him to pay a sum of money has been obtained and remains unsatisfied. Such a person may be examined as to whether any and what debts are owing to him and if the judgment debt is of the necessary amount he may be made bankrupt if he fails to comply with a bankruptcy notice in us law an involuntary. A party against which an unsatisfied court decision is awarded. A party against which an unsatisfied court decision is awarded.
The original claim did not have to arise out of a debt it could have been an automobile accident a promissory note an award in a divorce case or something similar. Judgment definition is the process of forming an opinion or evaluation by discerning and comparing. If a court renders a judgment involving money damages the losing party must satisfy the amount of the award which. Specific debts are non dischargeable such as debts for fraud and civil judgments that are obtained in a civil adversary proceeding in bankruptcy during such proceedings us law the judge who presides over the bankruptcy declares.
The term judgment debtor describes a party against which a court has made a monetary award.
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