abstract:Judgment Debtor, in English law or American law, a person against whom a judgment ordering him to pay a sum of money has been obtained and remains unsatisfied. Such a person may be examined as to whether any and what debts are owing to him, and if the judgment debt is of the necessary amount he may be made bankrupt if he fails to comply with a bankruptcy notice (in US, Law, an involuntary petition) served on him by the judgment creditors.
Following the arbitration ruling, James filed for bankruptcy on May 27, 2009, one day before he was to sit for his Judgment Debtor's Examination, according to Nicholas' complaint.
To recover on the Judgment, the landlord brought a fraudulent transfer action against the Debtor and his wife for transfers the Debtor made into various entireties accounts in Pennsylvania during his 35 years with the law firm and his long marriage with his wife.
However, a Debtor could always move to a DAPT state before the creditor begins to enforce the judgment, and in that event the laws of the DAPT state would likely apply.