- charging order
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An order of court obtained by a judgment creditor charging the interest of a judgment debtor in a general or limited partnership with payment of a judgment against the debtor. This order may be obtained even if the judgment is not against the partnership entity; this order usually leads to the appointment of a receiver to collect the debtor's share of the partnership profits and apply them toward payment of the judgment against the debtor. (Bernstein's Dictionary of Bankruptcy Terminology)
United Glossary of Bankruptcy Terms 2012.
- charging order
-
An order of court obtained by a judgment creditor charging the interest of a judgment debtor in a general or limited partnership with payment of a judgment against the debtor. This order may be obtained even if the judgment is not against the partnership entity; this order usually leads to the appointment of a receiver to collect the debtor’s share of the partnership profits and apply them toward payment of the judgment against the debtor.
US Bankruptcy 2012.
Glossary of Bankruptcy.