judgment debtor


Also found in: Legal, Wikipedia.

judgment debtor

One who has had a judgment rendered against him or her. 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 something similar.

References in periodicals archive ?
court may order the judgment debtor or third party to turn property over
The purchaser at foreclosure acquires the entire LLC interest (not just the transferable interest), and becomes the sole member while the judgment debtor is automatically deemed dissociated.
Provincial courts have traditionally viewed recognition and enforcement actions as contractual matters, specifically, the implied obligation of the judgment debtor to pay the amount of the judgment.
5 Protection of judgment debtor and third party interests
Second, a "lack of jurisdiction of the court of origin over the judgment debtor is perhaps the most often noted reason for a foreign court's refusal to enforce a foreign money judgment.
is not required to establish a basis for exercise of personal jurisdiction over the judgment debtor," with no simultaneous mention of a need for a quasi in rem, property-based alternative.
While a judgment creditor of a partner/member may not proceed directly against the entity, the creditor may set aside as fraudulent a transfer of assets by a judgment debtor to or from a partnership or LLC in which the judgment debtor is an owner, if the transfer is made to hinder, delay or defraud creditors of the partner.
LEGAL COMMENTARY: This purpose of statutory interest is to guarantee that a successful plaintiff will receive prompt payment, and to prevent a judgment debtor from profiting at the expense of a plaintiff by withholding money belonging to a plaintiff.
The borrower denied being the judgment debtor and signed an affidavit saying he was lien free.
as a judgment debtor because the company essentially admitted it was an alter ego of the defendant when it sought indemnity coverage for the verdict in a Pennsylvania federal court.
After the ten-day waiting period, if the judgment debtor does not pay voluntarily, there are several avenues for collection.