Judgment Creditor Law & Legal Definition
A party that wins a monetary award in a lawsuit is known as a judgment creditor. The party remains a judgment creditor until the award is satisfied. The party who loses the case and who must pay the award is called a Judgment Debtor. Judgment creditors can adopt various means to collect the money. Judgment creditor can enforce the debt with the assistance of the court. Judgment creditors can ask the Court to attach the properties of judgment debtors. If a judgment debtor files for a bankruptcy, the judgment creditors will have priority over other unsecured creditors.
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