7 Guam Code Ann. § 23401
Terms Used In 7 Guam Code Ann. § 23401
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
(a) Assets means any item of economic value owned by a person as defined in this Section. Examples include, but are not limited to, cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.
(b) Judgment creditor means a party to which a debt is owed, that has proved the debt in a legal proceeding, and that is entitled to use judicial process to collect the debt; the owner of an unsatisfied court decision.
(c) Judgment debtor means one who is obligated to pay a debt or damages in accordance with a judgement entered by a court.
(d) Person can include, but is not limited to, a natural person, firms, labor organizations, partnerships, associations, corporations, legal entities, legal representatives, or trustees.
7 Guam Code Ann. CIVIL PROCEDURE
CH. 23 EXECUTION OF JUDGMENTS IN CIVIL ACTIONS