creditor's bill


creditor's bill
Equitable proceeding brought to enforce payment of debt out of property or other interest of debtor which cannot be reached by ordinary legal process. Sackin v. Kersting, 105 Ariz. 464, 466 P.2d 758.
By use of the creditor's bill, a judgment creditor can reach any nonexempt property interest of the debtor that is alienable or assignable under state law. A suit by judgment creditor in equity for purpose of reaching property which cannot be reached by execution at law. A proceeding to enforce the security of a judgment creditor against the property or interests of his debtor. This action proceeds upon the theory that the judgment is in the nature of a lien, such as may be enforced in equity. Under rules of civil procedure, such action is simply a civil action in which demand is made for this type of equitable relief because of the merger of law and equity. Fed.R. Civil P. 2

Black's law dictionary. . 1990.

Look at other dictionaries:

  • creditor's bill — see bill 3a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. creditor s bill …   Law dictionary

  • creditor's bill — Equitable proceeding brought to enforce payment of debt out of property or other interest of debtor which cannot be reached by ordinary legal process. Sackin v. Kersting, 105 Ariz. 464, 466 P.2d 758. By use of the creditor s bill, a judgment… …   Black's law dictionary

  • creditor's bill — noun : a bill in equity filed by one or more creditors, usually in behalf of all who may become parties to the action, to collect or protect debts where an execution at law would not be available for the purpose …   Useful english dictionary

  • creditor’s bill (suit) — n. A proceeding brought in equity by a creditor who has secured judgment against a debtor to enforce payment of the debt if the creditor cannot reach the debtor’s property at law. The Essential Law Dictionary. Sphinx Publishing, An imprint of… …   Law dictionary

  • creditor's bill or suit — Equitable proceeding brought to enforce payment of debt out of property or other interest of debtor which cannot be reached by ordinary legal process. Sackin v. Kersting, 105 Ariz. 464, 466 P.2d 758. By use of the creditor s bill, a judgment… …   Black's law dictionary

  • creditor's bill or suit — Equitable proceeding brought to enforce payment of debt out of property or other interest of debtor which cannot be reached by ordinary legal process. Sackin v. Kersting, 105 Ariz. 464, 466 P.2d 758. By use of the creditor s bill, a judgment… …   Black's law dictionary

  • bill — n 1: a draft of a law presented to a legislature for enactment; also: the law itself the GI bill ap·pro·pri·a·tions bill /ə ˌprō prē ā shənz /: a bill providing money for government expenses and programs ◇ Appropriations bills originate in the… …   Law dictionary

  • creditor's suit — Equitable proceeding brought to enforce payment of debt out of property or other interest of debtor which cannot be reached by ordinary legal process. Sackin v. Kersting, 105 Ariz. 464, 466 P.2d 758. By use of the creditor s bill, a judgment… …   Black's law dictionary

  • creditor's suit — Equitable proceeding brought to enforce payment of debt out of property or other interest of debtor which cannot be reached by ordinary legal process. Sackin v. Kersting, 105 Ariz. 464, 466 P.2d 758. By use of the creditor s bill, a judgment… …   Black's law dictionary

  • bill in aid of an execution — a creditor s bill filed to reach assets subject to execution but fraudulently transferred …   Useful english dictionary