In regard to the financial principal of “priority to assets between bondholder and judgment creditor rights”, quite a bit depends on what is going on with the business or firm involved at the time of judgment, as liquidations occur in Chapter 7 bankruptcies—not Chapter 11. The company or firm almost always will have filed for protection under the federal government with a load of devastating debts preventing them from operating any further, with the assets of the company or firm being sold off to pay off outstanding debts to creditors and investors.
What is not usually acknowledged by the general public is the investors, or secured creditors, who take the least risk in the business are always paid first, so the priority to assets between bondholder and judgment creditor will be given to the bondholder, after the secured creditor being paid first. The reason for this is because they have extended credit to the now-bankrupted company backed already by collateral, which can involve things like mortgages or other company assets. They fully realize they will get their money first through bankruptcy Chapter 7 proceedings if the business goes under.