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Judgment Proof |
Also found in: Wikipedia | 0.04 sec. |
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A term used to describe an individual who is financially unable to pay an adverse court decision awarding a sum of money to the opposing party. A judgment-proof individual has no money or property within the jurisdiction of the court to satisfy the judgment or is protected by wage laws that exempt salaries and property from formal judicial process. |
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I have found information there that will help me collect a modest judgment from a defendant I thought was judgment proof. Since then, I've been working on grass-roots education campaigns for the ancient forest at wages that keep me judgment proof. Shavel analyzes the issue of moral hazard, while his second paper investigates the judgment proof problem where he considers the problems of inadequate compensations of victims, risk bearing by injurers, and overindulgence of injurers in risky ventures. |
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Judgment Proof
