Who Is The Judgment Debtor?
A judgment debtor is the person against who a judgment has been entered which remains unsatisfied. An unsatisfied judgment is typically reflected in a credit report on a judgment debtor issued by various credit reporting agencies (such as TRW or Dun & Bradstreet). The property of the judgment debtor is subject to lien, execution and levy by the judgment creditor.
Other Mississippi Collections-Creditors Rights FAQs
-
Q:
How does a collection agency work?
A: When a collection agency is involved in the collection of an unpaid debt, the debtor sends one payment each month to the agency. The agency's gets a portion of … More -
Q:
Can A Creditor Ask A Debtor To Reaffirm The Debt?
A: Yes, this means that the creditor is asking that the debtor pay the debt anyway, even after it has been discharged. A debtor may be willing to do this if there is a … More -
Q:
What Is a money judgment?
A: A money judgment in a civil matter is an order issued by a court that one party to the lawsuit is to pay the other party a sum of money. The amount of the money … More