Judgment Creditor Remedies

"Creditors' rights" collectively refers to the procedural rights and remedies designed to protect the ability of creditors to collect the money that they are rightfully owed. Creditors' rights deal not only with the rights of creditors against the debtor, but also with the rights of creditors against one another. Where multiple creditors claim an interest in the same property, or against the debtor's accounts in general, the rules governing creditor's rights determine which creditor has the superior right to any particular relief. Generally, creditors can be divided between those who "perfected" their interest by establishing an appropriate public record of the debt and any property claimed as collateral for it, and those who have not.