A judgment creditor is a creditor who has obtained a legal judgment against a debtor, allowing the creditor to enforce collection of the debt owed. This status grants the creditor certain priority rights over other creditors and can extend the enforceability of the claim under the statute of limitations.
Refers to the year during which a statute of limitations applies to a specific legal action or claim. It sets the maximum time after an event within which legal proceedings may be initiated.
The statute of limitations is a law that sets the maximum time within which parties involved in a legal dispute must initiate legal proceedings from the date of an alleged offense or claim.
The statute of limitations is a law that sets the maximum time frame within which legal proceedings must be initiated after an alleged offense. After this period, the claim is no longer valid.
A statute of limitations sets the maximum period during which parties must initiate legal proceedings to enforce their rights, after which their rights may be unenforceable. The specifics can vary depending on jurisdiction and context, such as those defined by the IRS for tax-related matters.
The term 'Toll' carries multiple meanings, generally associated with either a legal suspension or fees charged for the use of property or infrastructure.
