Legal Definitions - judgment receiver

A judgment receiver is a person appointed by a court or corporation to protect or collect property that is being litigated or belongs to a bankrupt. They are responsible for collecting or diverting funds from a judgment debtor to the creditor. This is usually done when it is difficult to enforce a judgment in any other manner.

• If a company goes bankrupt, a judgment receiver may be appointed to collect and distribute its assets to its creditors.
• If a person owes money to another person but refuses to pay, a judgment receiver may be appointed to collect the funds and give them to the creditor.

These examples illustrate how a judgment receiver is appointed to protect or collect property that is being litigated or belongs to a bankrupt. They are responsible for ensuring that the assets are distributed fairly to the creditors or the rightful owners.