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What (who) is judgment creditor - definition
judgment creditor
n. the winning plaintiff in a lawsuit to whom the court decides the defendant owes money. A judgment creditor can use various means to collect the judgment. The judgment is good for a specified number of years and then may be renewed by a filed request. If the defendant debtor files for bankruptcy, the judgment creditor will have priority (the right to share in assets) ahead of general creditors who are not secured by mortgages or deeds of trust and do not have judgments. However, if the bankrupt person has no assets, this becomes an empty advantage.
See also: creditor's rights judgment prevailing party
Judgment creditor
A judgment creditor is a party to which a debt is owed that has proved the debt in a legal proceeding and that is entitled to use judicial process to collect the debt. A creditor becomes a "judgment creditor" when a judgment is rendered stating that they are entitled to recover a particular debt from a judgment debtor.
entry of judgment
THE FORMAL DECISION MADE BY A COURT FOLLOWING A LAWSUIT
Court decision; Enter a judgment; Entry of judgment; Reserved decision; Legal judgment; Money judgment; Monetary judgment; Reserved judgment; Judgement (law); Legal judgement; Reserved judgement
n. the placement of a judgment on the official roll of judgments.
Wikipedia
Judgment creditor
A judgment creditor is a party to which a debt is owed that has proved the debt in a legal proceeding and that is entitled to use judicial process to collect the debt. A creditor becomes a "judgment creditor" when a judgment is rendered stating that they are entitled to recover a particular debt from a judgment debtor.
