Judgment debtor

Judgment debtor

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 petition) served on him by the judgment creditors.

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. Fact|date=June 2007


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • judgment debtor — n: one who is obligated to pay a debt or damages in accordance with a judgment entered by a court Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. judgment debtor …   Law dictionary

  • judgment debtor — UK US (UK also judgement debtor) noun [C] LAW ► a person or company that is ordered by a court of law to pay money to another person or company …   Financial and business terms

  • judgment debtor — noun : one whose obligation to pay a judgment debt remains unsatisfied order the appearance of a judgment debtor for supplementary examination as to financial ability F.H.Myers compare judgment creditor …   Useful english dictionary

  • judgment debtor — A person against whom a court judgment has been entered, ordering payment of money that he or she owes (the judgment debt) …   Accounting dictionary

  • judgment debtor —    The losing defendant in a lawsuit who owes the amount of the judgment to the winner, the judgment creditor …   Business law dictionary

  • judgment debtor — A person against whom a judgment has been entered and which has not been satisfied …   Ballentine's law dictionary

  • judgment debtor summons — A summons issued against a debtor under the English Bankruptcy Act …   Ballentine's law dictionary

  • judgment debtor — person or group on which a court has imposed a legal obligation …   English contemporary dictionary

  • judgment — judg·ment also judge·ment / jəj mənt/ n 1 a: a formal decision or determination on a matter or case by a court; esp: final judgment in this entry compare dictum, disposition …   Law dictionary

  • judgment lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. judgment lien …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”