What does judgement proof mean? 11 Answers as of October 27, 2016

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Ronald K. Nims LLC | Ronald K. Nims
Judgment proof means you have no money. Most lawsuits are intended to win money from the defendant, but if the defendant has no money it takes all the fun out of winning.
Answer Applies to: Ohio
Replied: 10/27/2016
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
It means you have no assets a creditor can have. Every state has "exemptions" a debtor may claim in property they own. Creditors may not attach or take these items. As for income, social security benefits are "exempt." A creditor may not have them.
Answer Applies to: California
Replied: 10/27/2016
Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
To be judgment proof is to have no significant assets above watch is exempt by law. In other words, a creditor on a judgment cannot collect from the person who is judgment proof.
Answer Applies to: Wisconsin
Replied: 10/27/2016
R. Steven Chambers PLLC | R. Steven Chambers PLLC
"Judgment proof" is a term that means that a person has no assets from which a creditor can collect a judgment. For example, if all of a debtor's assets are exempt from execution under state or federal law, there is nothing for the creditor to collect from. If all the debtor's income is from exempt sources, such as retirement accounts, pensions, social security or others, there is nothing for the creditor to garnish. Such a debtor is said to be judgment proof.
Answer Applies to: Utah
Replied: 10/26/2016
GARCIA & GONZALES, P.C.
GARCIA & GONZALES, P.C. | Richard N. Gonzales
If someone were to sue you and get a judgment against you, they could not collect on the judgment. In other words, you have no wages to garnish, and whatever money you get (for example, from Social Security) they could not garnish or attach.
Answer Applies to: Colorado
Replied: 10/26/2016
    Goldsmith & Guymon
    Goldsmith & Guymon | Marjorie Guymon
    It means a judgment creditor is unable to collect against the judgment debtor.
    Answer Applies to: Nevada
    Replied: 10/26/2016
    A Fresh Start
    A Fresh Start | Dorothy G Bunce
    Judgment proof means a debt cannot be collected even with a court judgment. Typically, a person who is judgment proof has a very small amount of wages, income only from social security, disability income, or retirement, and has no other assets not protected under state exemption laws.
    Answer Applies to: Nevada
    Replied: 10/26/2016
    Eranthe Law Firm
    Eranthe Law Firm | Cate Eranthe
    The term *judgment proof* is most commonly used in tort and contract law contexts to refer to defendants or potential defendants who are financially insolvent. A creditor can garnish your wages, place a levy on your bank account, and/or place a lien against any real estate that you own. However, if you don't have any income or property that the creditor can legally go after, then you are what is often referred to as judgment proof.
    Answer Applies to: California
    Replied: 10/26/2016
    Law Office of J. Thomas Black, P.C.
    Law Office of J. Thomas Black, P.C. | J. Thomas Black
    "Judgment proof" means that even if you have a court judgment rendered against you, you have no assets that the judgment-creditor can seize to satisfy the judgment.
    Answer Applies to: Texas
    Replied: 10/26/2016
    Mauritz Van Niekerk, Attorneys at Law
    Mauritz Van Niekerk, Attorneys at Law | Christiaan van Niekerk
    If you cannot be garnished.
    Answer Applies to: New York
    Replied: 10/26/2016
    Patrick W. Currin, Attorney at Law | Patrick Currin
    It means you have no assets or income which a creditor can attach. For example, you don't own a home and your income is limited to disability or SSI.
    Answer Applies to: California
    Replied: 10/26/2016
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