creditor's bill

Definition of "creditor's bill"
  1. A legal document spearheaded by a creditor, who has secured a court decision against a debtor, in order to enforce payment. This is typically used when the debtor's assets, necessary for settling the debt, are not readily accessible through standard legal methods
How to use "creditor's bill" in a sentence
  1. To recover money owed by the debtor, the creditor proceeded to file a creditor's bill targeting properties not usually subject to legal process.
  2. The creditor's bill was the last resort after conventional strategies to solicit payment from the debtor were futile.
  3. In an attempt to recoup the money owed, the creditor resorted to initiating a creditor's bill to take hold of the debtor's inaccessible assets.

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