Judgment Proof


Also found in: Wikipedia.

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 ?
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
In many cases, it is simply not cost-effective to files these claims, as the potential defendants are judgment proof.
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.
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.
30) This requires us to examine why wrongdoers should pay for the total social costs of wrongdoing, what happens when agents are effectively judgment proof, and how corporate liability changes this.
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.
Since then, I've been working on grass-roots education campaigns for the ancient forest at wages that keep me judgment proof.