Definitions

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. COL6/5/2019 CH. 23 EXECUTION OF JUDGMENTS IN CIVIL ACTIONS