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judgment-proof |
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judgment-proof Having no assets out of which a judgment may be satisfied. In some states, a judgment debtor may have substantial assets, but they are legally beyond the reach of creditors. In other states, judgments can remain liens against property for as long as 20 years.Today's judgment-proof debtor may be wealthy in 5 or 10 years and have assets that can be seized at that time.How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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