Judgment Creditor - Law Dictionary Search Results
strict foreclosure
discharge of an obligation which under the Uniform Commercial Code denies the creditor the right to a deficiency judgment NOTE: Under the U.C.C.'s strict foreclosure provision, notice must be given to other parties having a security interest
Judgment-debtor
Matched in: Term Judgment-debtor
order
over property to another ;esp : an order commanding a judgment debtor to turn over assets to a judgment creditor [turnover order in aid of execution "California Code of Civil Procedure"] c : a command issued by a
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Bankruptcy notice
of the (English) Bankruptcy Act, 1914, to an 'act of bankruptcy.' The notice may be given by any creditor who has obtained a 'final judgment' or 'final order,' and if the debtor does not within seven days … the place of the 'debtor's summons' (see that title) under the (English) Bankruptcy Act, 1869) to pay a judgment debt for any amount, non-compliance with which notice within a limited time amounts, by s. 1(1)(g) of the
Judgment-debtor summons
Matched in: Term Judgment-debtor summons
Charging order
Charging order, an order obtained from a court or judge under the (English) Judgments Acts, 1838 and 1840 (1 & 2 Vict. c. 110), s. 14, and (3 & 4 Vict. c. … Cordery on Solicitors; Atkinson on Solicitors' Lien. Partners.--Under s. 23 of the (English) Partnership Act, 1890, separate judgment creditors of a partner may obtain an order charging his interest in the partnership property: the other partner or
sale
paid off compare absolute sale in this entry execution sale : a sale carried out to execute a judgment under authority of a judicial officer (as a court clerk) but not by court order forced sale : … court order forced sale : a sale of property ordered by a court in order to satisfy a creditor's judgment against a debtor foreclosure sale : a sale of property upon default of a mortgage to satisfy
Garnishee
pay his debt not to his own creditor but to some third party who has obtained a final judgment against the creditor. The order thus arresting the debt in the hands of the debtor is called a
garnishment
attached to pay the debt to the creditor ;specif : attachment of the debtor's wages to satisfy a judgment compare wage assignment at assignment
secure
the payment, performance, or execution of with security [the court imposed a lien on his property to the judgment] c : to give or pledge security to (as a creditor) ;broadly : to cause to have security
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