Judgement Proof Definition
Judgement Proof
DEFINITION
Creditors can't obtain money or property from a debtor who is judgment proof and a judgment proof debtor might not need to file for bankruptcy. 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.
- Judgment-proof individuals have little or no equity in a home or other real estate.
- Judgment proof people own minimal personal property.
- Judgment-proof people are usually unemployed.
Making your assets judgement proof. Asset protection planning.
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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Anthony L.
Texas Member
It was awesome! The Provider Firm that I spoke to was great and the cost of this service is great, too. My wife, kids and I have a Provider Firm in the palm of our hands. For $24.95/mo., the investment is well worth it.
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