judgment proof
judgment proof
A term to describe assets protected from being seized by a creditor. i.e. assets a creditor cannot seize by going to court and getting a judgment. (California Bankruptcy Dictionary)

A term to describe assets protected from being seized by a creditor. i.e. assets a creditor cannot seize by going to court and getting a judgement. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • judgment proof — adj. Describes a person not worth suing for monetary damages because he or she is insolvent, has no property within a jurisdiction, or is otherwise protected from a judgment for money recoveries. The Essential Law Dictionary. Sphinx Publishing,… …   Law dictionary

  • judgment–proof — adj: of or being one (as a judgment debtor) from whom nothing can be recovered because he or she has no property, his or her property is not within the jurisdiction where the judgment was obtained, or he or she is protected from execution of the… …   Law dictionary

  • Judgment proof — A person is said to be judgment proof where they are either immune or able to otherwise escape prosecution for their conduct. An individual who is unidentifiable or has left the jurisdiction is often considered to be judgment proof.The term is… …   Wikipedia

  • judgment-proof — | ̷ ̷ ̷ ̷| ̷ ̷ adjective : of or being one (as a judgment debtor) from whom nothing can be recovered because he has no property or has fraudulently concealed or removed his property from the jurisdiction of the judgment an insolvent, judgment… …   Useful english dictionary

  • judgment proof — adjective Of a person whom a judgment cannot be enforced against …   Wiktionary

  • judgment proof — Descriptive of all persons against whom judgments for money recoveries are of no effect; e.g., persons who are insolvent, who do not have sufficient property within the jurisdiction of the court to satisfy the judgment, or who are protected by… …   Black's law dictionary

  • judgment proof — Descriptive of all persons against whom judgments for money recoveries are of no effect; e.g., persons who are insolvent, who do not have sufficient property within the jurisdiction of the court to satisfy the judgment, or who are protected by… …   Black's law dictionary

  • proof — The effect of evidence; the establishment of a fact by evidence. New England Newspaper Pub. Co. v. Bonner, C.C.A.Mass., 77 F.2d 915, 916. Any fact or circumstance which leads the mind to the affirmative or negative of any proposition. The… …   Black's law dictionary

  • proof — n [alteration of Middle English preove, from Old French preuve, from Late Latin proba, from Latin probare to prove] 1: the effect of evidence sufficient to persuade a reasonable person that a particular fact exists see also evidence 2: the… …   Law dictionary

  • Proof — Proof, n. [OF. prove, proeve, F. preuve, fr. L. proba, fr. probare to prove. See {Prove}.] [1913 Webster] 1. Any effort, process, or operation designed to establish or discover a fact or truth; an act of testing; a test; a trial. [1913 Webster]… …   The Collaborative International Dictionary of English

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