7 GCA § 23401: Definitions.
Where this section sits in the code
- Title 7: Judiciary and Civil Procedure
- Division 2 - Civil Actions
- Chapter 23: Execution of Judgments In Civil Actions
- ARTICLE 4: PROTECTION AGAINST RECALCITRANT JUDGMENT DEBTORS
For purposes of this Article:
(a) Assets means any item of economic value owned by a person as defined in this Section. Examples include, but are not limited to, cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.
(b) Judgment creditor means a party to which a debt is owed, that has proved the debt in a legal proceeding, and that is entitled to use judicial process to collect the debt; the owner of an unsatisfied court decision.
(c) Judgment debtor means one who is obligated to pay a debt or damages in accordance with a judgement entered by a court.
(d) Perso n can include, but is not limited to, a natural person, firms, labor organizations, partnerships, associations, corporations, legal entities, legal representatives, or trustees.
Collected 2026-09-27T02:34:08Z. Source file · JSON