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We realize trying to understand the
legal system is typically overwhelming to many. We have provided a glossary,
for your convenience, with many of the common terms used in obtaining or
enforcing judgments.
Compensation-
An action
to help make things equivalent; satisfy or make amends. A rate, remuneration
reimbursement or consideration of any kind paid, payable or received,
directly or indirectly. Gain or reward.
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Creditor-
A person
or company to whom a debt is owing by another person or company whom is the
"Debtor".
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Debtor-
One who
owes a debt to another who is called the "Creditor".
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Enforce-
To put
into execution; to cause to take effect.
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Garnish-
To attach
(legally take) money, usually wages or commissions, or a bank account for
payment of a debt.
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Judgment-
A formal
decision given by a court. An obligation (as a debt) created by the decree of
a court.
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Judgment
Creditor-
A person
to whom money is owed under a court decision.
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Judgment
Debtor-
A person
who owes money under a court decision.
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Judgment
Enforcement-
Actions
taken to impress or urge forcibly a judgment debtor to pay his debt
obligation to the judgment creditor as decreed by a court.
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Judgment
Enforcement Specialist-
A person devoted
to and specifically trained to enforce judgments.
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Judgment
Recovery-
To obtain
satisfactory compensation for a court appointed judgment.
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Judicial
Interest-
A simple
interest rate applied to a judgment as ordered by a court starting from the
day the judgment was awarded.
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Levy-
A legal
method to seize property or money for unpaid debts under court order.
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Lien-
A claim,
encumbrance, or charge on property for payment of some debt, obligation, or
duty.
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Money
Judgment-
A
judgment where a monetary amount was awarded to you by a court of law. Money
judgments can be awarded in Small Claims, Civil, Family Law-including
Divorces and Support Orders, Criminal Restitution and Labor Board Judgments.
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Order
of Examination-
A court
procedure allowing a judgment creditor to question a judgment debtor about
the extent and location of his assets.
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Post
Judgment-
Anything
related to a judgment after it has been awarded to a judgment creditor.
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Satisfaction
of Judgment-
The
document filed and entered on the record indicating that a judgment has been
paid.
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Seizure-
A taking
possession of an item or property legally or by force.
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Writ
of Execution-
An order
by a court to the sheriff or marshal to collect a specific amount or money
due.
DelMar Judgment Recovery - Enforcing Judgments $1 at a time...
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