Definitions

7 GCA § 23401 — under Execution of Judgments In Civil Actions.

7 GCA § 23401

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) Person can include, but is not limited to, a natural person, firms, labor organizations, partnerships, associations, corporations, legal entities, legal representatives, or trustees.