Judgment Creditor Legal Meaning and Definition

Here is a simplified definition of the legal term Judgment Creditor.

Judgment Creditor (noun): A judgment creditor refers to a person or entity that has won a lawsuit and is thus owed money by the losing party, also known as the judgment debtor. This victory gives them the legal right to collect their claimed monies (debt), typically from the judgment debtor's assets or property. This can be enforced by court action if necessary. If the debtor files for bankruptcy, judgment creditors usually have priority over other creditors regarding debt repayment.