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Judgment Creditor - Law Dictionary Search Results

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satisfy

a : to carry out the terms or obligation of (as by payment of money) [refused to the judgment against her] [ a condition precedent] ;broadly : to cause to be discharged, settled, or paid [sought to … or paid [sought to his claim against the debtor] b : to meet an obligation to [ a creditor] 2 : to convince by argument or evidence 3 : to conform to [ requirements]

Actio judicati

Actio judicati, an action after four months had elapsed from the rendition of judgment, in which the judge issued his warrant to seize, first, the movables, which were sold within eight days … which were sold within eight days afterwards, and then the immovables, which were delivered in pledge to the creditor, or put under the care of a curator, and, if at the end of two months the debt

Act of Bankruptcy

his debts or having presented a bankruptcy petition against himself. (g) Having neglected to pay or secure a judgment debt after service of a 'bankruptcy notice,' or satisfied the Court that he has a good cross claim. … debtor is an act of bankruptcy:- (a) Having made an assignment of his property in trust for his creditors generally. (b) Having made a fradulent conveyance, gift, delivery, or transfer of his property, or of any part

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Elegit

II. (13 Edw. 1, c. 18), by which it became, in the election of a party having recovered judgment, either to have a writ of fieri facias (see that title) or else to seize all the chattels … extend to good. [(English) Bankruptcy Act, 1883, s. 146] After the writ has been returned and filed, the creditor becomes tenant by elegit; the legal estate vests in him, and he can bring ejectment or sue for

pierce

pierce pierced pierc·ing : to see through the usually misleading or false appearance of [the object of summary judgment is to the pleadings and allow a judgment on the merits "J. H. Friedenthal et al."] [the Internal

Default

certain steps in an action, which are required by the rules of Court, the Court may thereupon give judgment against him by default. The defendant allows judgment by default either intentionally or through mistake or neglect; intentionally, … of any principal debt or interest thereon or any other amount payable by a borrower to any secured creditor consequent upon which the account of such borrower is classified as non-performing asset in the books of account

Imprisonment

with six exceptions; but, subject to Rules of Court, by s. 5, allows commitment to prison of a judgment debtor for not more than six weeks; this jurisdiction is now exercised only by the Bankruptcy Court and … the order; [see Re Strong, (1886) 32 Ch D 342]. (5) Default in payment for the benefit of creditors of any portion of a salary or other income in respect of the payment of which any Court

Resolution

Resolution, a solemn judgment or decision; a revocation of a contract. As to the cases in which resolutions of the House of … purposes of the Bankruptcy Act, 1914, 'ordinary resolution' means a resolution decided by a majority in value of creditors present, personally or by proxy, at a meeting of creditors and voting on the resolution: 'special resolution' means

Married women's property

Now a married woman shall be subject to the law relating to bankruptcy and to the enforcement of judgments and orders in all respects as if she was a feme sole (Law Reform (M. W. and Tortfeasors) … of (English) Married Women's Property Rights Act, 1907 provided (with a qualification for ante-nuptial debts and rights of creditors) that 'nothing in this Act contained should affect any settlement made or to be made, whether before or

Interest

the court may, if it thinks fit, order that there shall be included in the sum for which judgment is given, interest at such rate as it thinks fit on the whole or any part of the … 345: (1964) 1 SCWR 689.) the interest is a payment to be made by the debtor to the creditor when money was due to the creditor but was not paid or in other words was withheld from

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