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LSDefine

Simple English definitions for legal terms

creditor's bill

Read a random definition: RPTR.

A quick definition of creditor's bill:

A creditor's bill is a legal action taken by a person who has won a court case (judgment creditor) to try and get access to property that they cannot get to through normal legal procedures. This is also called a creditor's suit.

A more thorough explanation:

Definition: A creditor's bill is a legal action taken by a creditor to reach property that cannot be reached through the normal process of enforcing a judgment. It is also known as a creditor's suit.

Example: Let's say that a person owes money to a creditor, but the creditor is unable to collect the debt through normal means, such as wage garnishment or bank account seizure. In this case, the creditor may file a creditor's bill to try to reach other assets that the debtor may have, such as real estate or personal property.

Another example: A business owner may file a creditor's bill against a customer who owes them money but has not paid. The business owner may seek to reach the customer's assets that are not protected by law, such as a second home or a valuable collection.

These examples illustrate how a creditor's bill can be used to reach assets that are not normally accessible through the enforcement of a judgment. It is a legal tool that creditors can use to try to collect debts that would otherwise go unpaid.

creditor dominii | creditors' committee

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JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
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JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
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20:52
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JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
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JumpySubsequentDolphin
21:34
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JumpySubsequentDolphin
21:35
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JumpySubsequentDolphin
21:35
he has since moved
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@SplitterusClitterus: me yesterday
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i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
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people were getting excited :sob:
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
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