True - If a creditor obtains a judgment against a debtor and the debtor cannot or will not pay the judgment, the dispute is at an end.
A debtor or debitor is a felony entity (felony individual) that owes a debt to any other entity. The entity may be an person, a firm, a government, a company or other felony character. The counterparty is called a creditor. when the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower. If X borrowed money from their bank, X is the debtor and the bank is the creditor. If X places money in the bank, X is the creditor and the bank is the debtor. It isn't always a crime to fail to pay a debt. besides in certain financial disaster situations, borrowers can pick out to pay money owed in any priority they pick. however if one fails to pay a debt, they have got damaged a contract or agreement between them and a creditor. normally, most oral and written agreements for the repayment of patron debt - money owed for private, family or family functions secured typically by using a person's residence - are enforceable.
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