Definition of judgment creditor
Webjudgment 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... WebApr 7, 2008 · Judgment Lien: A judgment lien is a court ruling that gives a creditor the right to take possession of a debtor's real property if the debtor fails to fulfill his or her contractual obligations. A ...
Definition of judgment creditor
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WebFeb 19, 2015 · b. "Debt" is defined as a liability on a claim. § 101 (12). c. "Debtor" is the subject of the case. § 101 (13). d. "Creditor" is an entity that has a claim against the debtor that arose at the time of or before the order for relief concerning the debtor. § 101 (10). 2. The Scope of Bankruptcy Claim Definition. a. Webjudgment creditor. One who has obtained a judgment against another. 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 anything at all. The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD.
WebHow a Judgment Creditor Attaches Your Wages. To attach your wages, a judgment creditor obtains authorization from the court in a document usually called a "writ." Under this authorization, the judgment creditor directs the sheriff to seize a portion of your wages. The sheriff, in turn, notifies your employer of the attachment, and your employer ... Webthe debt or a copy of any judgment • If the original creditor is different from the current creditor, notice that if the consumer makes a written request for the name and address of the original creditor within the thirty-day period, the debt collector will provide that information If, within the thirty-day period, the consumer
WebFeb 19, 2015 · a. "Congress intended . . . to adopt the broadest available definition of 'claim'."Johnson v. Home State Bank, 501 U.S. 78, 83 (1991) (mortgage remains a "claim" subject to chapter 13 plan despite prior chapter 7 discharge of debtor's personal liability).Compare Ohio v. Kovacs, 469 U.S. 274 (1985) (obligation under prepetition state … WebBeing “judgment proof" means you don’t have much in the way of income, cash reserves, or other assets that a creditor can take to pay off a money judgment. By Amy Knapp. If you don't pay your bills for a consumer debt, like for your credit card or cellphone, or fail to make payments for a personal loan or medical bills, the creditor can sue ...
WebA creditor is he who has a right to require the fulfillment of an obligation or contract. 2. Creditors may be divided into personal and real. 3. The former are so called, because their claims are mainly against the person, who can reach the property of their debtors only by; virtue of the general rule by which he who has become personally ...
Webcreditor: An individual to whom an obligation is owed because he or she has given something of value in exchange. One who may legally demand and receive money, either through the fulfillment of a contract or due to injury sustained as a result of another's Negligence or intentionally wrongful act. The term creditor is also used to describe an ... my all beauty accountWebA chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. If the debtor's current monthly income is less than the applicable state ... my all and allWeb4 creditor, or a debt collector or collection agency operating on 5 behalf of the creditor, that brings a legal action on a medical 6 debt shall attach to the complaint or applicable form a copy of 7 a redacted itemization of the charges that are the basis for the 8 medical debt. 9 10 (6) (a) prior to entry of a default judgment against a how to paint stainless steel appliancesmy all dryWebWhat does judgment creditor mean? Information and translations of judgment creditor in the most comprehensive dictionary definitions resource on the web. Login how to paint stainless steel blackWeb"Judgment creditor" means the person in whose favor a judgment is rendered or, if there is an assignee of record, means the assignee of record. Unless the context otherwise requires, the term also includes the guardian or conservator of the estate, personal representative, or other successor in interest of the judgment creditor or assignee of ... my all carey lyricsWebView Property Security Outline.docx from LAW 925 at University of Idaho. Property Security Spring ‘22 Definitions Creditor – anyone who is owed a legal obligation that can be reduced to a money how to paint stainless steel flask