Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Judgment Creditor

When a lawsuit comes to an end by the judgement in the court by the judge or jury, the party who wins the trial where money is owed to them , is said to be the judgement creditor. The loosing party are liable to pay their dues and the judgement creditors can even ask the court to attach the assets or properties of the loosing party for repayment. If the loosing party (judgement debtor) files for bankruptcy, the judgement creditors have the priority over any other creditors to get there money back.

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved