Judgment Creditor

Judgment Creditor in United States

Judgment Creditor Definition

One who is entitled to enforce a judgment by execution (q. v.). The owner of an unsatisfied judgment.

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Legal Issue for Attorneys

One who is entitled to enforce a judgment by execution (q. v.). The owner of an unsatisfied judgment.

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Notice

This definition of Judgment Creditor is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.

Practical Information

Note: Some of this information was last updated in 1982

One who has obtained a judgment (in U.S. law) against a debtor. For example, when a seller wins a suit against a customer who has failed to pay debts, the seller is given a judgment against the debtor. The judgment officially declares that the debtor owes the seller the amount stated in the judgment, and that the seller shall recover that amount from the debtor. Frequently, however, a debtor refuses to pay a judgment or insists that he or she cannot pay it. The creditor can then instruct an attorney to apply to the court for an order, or WRIT, directing the sheriff to seize the debtor’s property. This is called applying for a writ (in U.S. law) of Execution. In some states an attorney can issue the writ without applying to the court. The property is sold and the creditor is paid out of the proceeds of the sale. Only property in the state where the suit is brought can be seized to satisfy the judgment. If the property is located out of the state, another suit, technically known as suit on the judgment, must be brought in that state.

(Revised by Ann De Vries)

What is Judgment Creditor?

For a meaning of it, read Judgment Creditor in the Legal Dictionary here. Browse and search more U.S. and international free legal definitions and legal terms related to Judgment Creditor.


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