Simple English definitions for legal terms
Read a random definition: consumer protection laws
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.
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.