This is an Affidavit of Income and Assets. This form is used to provide the Court with a detailed report of all income and assets of the parties to the divorce proceedings.
This is an Affidavit of Income and Assets. This form is used to provide the Court with a detailed report of all income and assets of the parties to the divorce proceedings.
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Judgment Debtor. A party against which an unsatisfied court decision is awarded; a person who is obligated to satisfy a court decision. The term judgment debtor describes a party against which a court has made a monetary award.
What is a Judgement Debt? Where a debt is taken to court, a judgement debt is when a defendant (judgement debtor) has been judged to owe that debt by a court. The judgment creditor has 12 years to take further action to recover money owed by you.
: one who is obligated to pay a debt or damages in accordance with a judgment entered by a court.
Section 2 (10) of the Code defines Judgment debtor as any person against whom a decree has been passed or an order capable of execution has been made.
The Supreme Court has observed that the principle of res judicata will apply to execution proceedings as well. The Court added that a judgment debtor cannot raise objections to executions in installments.