Judgment Proof


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Judgment Proof

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.

References in periodicals archive ?
Fortunately there are a number of easy tools and techniques to make oneself judgment proof or at least judgment resistant.
Once again, this aspect of the judgment is welcome news for Defendants seeking to protect themselves against sophisticated businessmen who choose to make themselves judgment proof well in advance of any litigation, on the assumption that sooner or later they are likely to be involved in litigation with the attendant risks of enforcement.
Izhar Khan Khosa said that Commission judgment proof there was no rigging in any level in 2013 election and adding that PTI leader nothing do for the country except allegation of poll rigging.
but MM&A may also be judgment proof by failing to cover its
accident cases often fail to realize that they are judgment proof, a
The reason: The bank learned that Harvey's position is he is judgment proof because he doesn't have any assets, according to the bank's lawsuit filed in U.
442, Offers of Demands for Judgment, safeguards have already been implemented, however so many cases involve litigants who are judgment proof and consequently have nothing to lose and only something to gain.
The time and legal expense needed to successfully prosecute civil claims, or subrogation rights, against tort feasors may lead to a hollow victory, where the target defendants are judgment proof due to international law or collectibility issues.
8] But the appellant who does not post a bond runs the risk that at the time of reversal the appellee may no longer have the money and may be judgment proof.
To understand when and how to regulate liability insurance, these points need to be explored, and data needs to be developed and analyzed on the nature of the judgment proof problem and of liability insurance coverage in various areas of risk.
I have found information there that will help me collect a modest judgment from a defendant I thought was judgment proof.