Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

judgment receiver

Read a random definition: consumer protection laws

A quick definition of judgment receiver:

A judgment receiver is a person appointed by a court to collect money from someone who owes it to another person. This usually happens when it's hard to get the money in any other way. The judgment receiver takes the money from the person who owes it and gives it to the person who is owed. It's like a grown-up version of a teacher taking away a toy from a student who won't share it and giving it to another student who deserves it.

A more thorough explanation:

A judgment receiver is a person appointed by a court or corporation to protect or collect property that is being litigated or belongs to a bankrupt. They are responsible for collecting or diverting funds from a judgment debtor to the creditor. This is usually done when it is difficult to enforce a judgment in any other manner.

  • If a company goes bankrupt, a judgment receiver may be appointed to collect and distribute its assets to its creditors.
  • If a person owes money to another person but refuses to pay, a judgment receiver may be appointed to collect the funds and give them to the creditor.

These examples illustrate how a judgment receiver is appointed to protect or collect property that is being litigated or belongs to a bankrupt. They are responsible for ensuring that the assets are distributed fairly to the creditors or the rightful owners.

judgment note | judgment record

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
Send MA ID
BulbasaurNoLikeCardio
16:16
LawHub blocking me from status checker, guess I ain't going to law school now
"Go touch grass" - Lawhub
BulbasaurNoLikeCardio
16:17
Pretty much lol
BulbasaurNoLikeCardio
16:18
Even though its only second check of the day
LSD+ is ad-free, with DMs, discounts, case briefs & more.