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:
“These are days ... when a great cloud of trouble hangs and broods over the greater part of the world.... Then all about them, all about us, sits the silent, waiting tribunal which is going to utter the ultimate judgment upon this struggle.... No man is wise enough to produce judgment, but we call hold our spirits in readiness to accept the truth when it dawns on us and is revealed to us in the outcome of this titanic struggle.”
—Woodrow Wilson (1856–1924)
“Every novel is a debtor to Homer.”
—Ralph Waldo Emerson (1803–1882)