What is satisfaction of judgment? When one individual or company, or creditor, sues for payment of a debt and the court rules in their favor, it issues a judgment. The judgment requires the debtor to pay the amount determined by the court. → Read More
How do I execute and levy against property owned by a judgment debtor? Under execution and levy, property owned by the judgment debtor is taken and either delivered to the judgment creditor or sold with the proceeds of the sale delivered to the judgment creditor. Since a judgment creditor should never personally take property away from a judgment debtor except with permission, the judgment creditor must take certain steps and get the assistance of law enforcement personnel to perform the levy. → Read More
What is a judgment creditor? A judgment creditor is the party a money judgment is issued to and is entitled to enforcement of the judgment through liens, execution and levy. Simply put, the judgment creditor is the person who receives the money in a judgment ruling. During the trial, they are called the ‘plaintiff’ although judgments such as attorney’s fees may also be owed to the plaintiff’s attorney. → Read More
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