Definition from Nolo’s Plain-English Law Dictionary
A condition of having little money and/or property that a creditor who wins a lawsuit could take. A person might be judgment proof because he or she has no property and no steady income. Even a person who owns property might be judgment proof if all of the property is exempt and, therefore, can't be taken by creditors.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:18 pm