Judgment Debtor, in English law or American law, a person against whom a judgment ordering him to pay a sum of money has been obtained and remains unsatisfied. Such a person may be examined as to whether any and what debts are owing to him, and if the judgment debt is of the necessary amount he may be made bankrupt if he fails to comply with a bankruptcy notice (in US, Law, an involuntary petition) served on him by the judgment creditors.
In the past, the judgment debtor could have been committed to prison or have a receiving order made against him in a judgment summons under the Debtors Act 1869.
This article incorporates text from a publication now in the public domain: Chisholm, Hugh, ed. (1911). Encyclopædia Britannica (11th ed.). Cambridge University Press.
Famous quotes containing the words judgment and/or debtor:
“If you were born to honor, show it now;
If put upon you, make the judgment good
That thought you worthy of it.”
—William Shakespeare (1564–1616)
“Every novel is a debtor to Homer.”
—Ralph Waldo Emerson (1803–1882)