A judgement creditor is a party who has obtained a court judgement against another party, known as the judgement debtor, for the payment of a sum of money or other relief. The judgement creditor holds a legal right to enforce the judgement against the debtor to collect the amount owed. This enforcement can include various measures such as garnishing wages, placing liens on property, seizing assets, or other legal actions to satisfy the debt owed by the judgment debtor. The judgement creditor typically seeks to enforce the judgement through legal proceedings or enforcement mechanisms provided by law to recover the amount awarded by the court.
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This glossary post was last updated: 29th March, 2024.
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