"Judgment-proof" means that even if a plaintiff obtains its civil judgment against its defendant, the defendant has no assets from on which the court can levy in proceedings in aid of execution to satisfy the judgment. It also generally implies that as a result the defendant is not worth being sued, because the possibility of ultimately recovering a money judgment is nil.
Added: There is no such legal principle as judgment proof. It is not a defense to a lawsuit. One can obtain a judgment against a defendant, regardless of the ability to collect the judgment. Plaintiffs often choose to proceed against defendants who appear to be judgment proof because they believe that the defendant will eventually have assets or income against which to collect.
You are correct. The status of being judgment-proof is as a matter of fact and not a matter of law. Which is why I used the word "implied" and not the word "holds". Therefore, it is legal to the extent that as a matter of fact the judgment cannot be satisfied.
Yes, judgment proof is legal in Kentucky. Judgment proof refers to a situation where a defendant does not have sufficient income or assets to fulfill a court-ordered judgment. In such cases, the court is unable to enforce collection of the judgment against the defendant.
To obtain proof that a judgment has been satisfied, you can request a satisfaction of judgment document from the court that issued the judgment. This document will show that the judgment has been paid in full or otherwise satisfied. You may need to provide this document to credit reporting agencies or other entities to update your records.
The legal age of majority in Kentucky is 18 years old. At this age, individuals are considered adults and have the legal rights and responsibilities that come with adulthood.
In Kentucky, the legal age to petition for emancipation is 18. However, a minor who is at least 16 years old may petition the court for legal emancipation if certain criteria are met, such as demonstrating financial independence and maturity to make legal decisions.
uhm, no?
A motion to arrest judgment is a formal request made by a party in a legal case asking the court to set aside a judgment that has been entered, typically prior to the judgment becoming final. This motion is usually made on the grounds of legal deficiencies in the judgment itself, such as being based on insufficient evidence or errors of law.
It is very likely given the circumstances that the person would be "judgment proof". The legal term is actual execution proof, meaning that a creditor could sue and be awarded a judgment, but the judgment could not be enforced. The vast majority of person's who are sued are execution proof. However this does not stop creditors from filing a lawsuit in the expectation that the debtor will eventually have property that is not exempt and therefore can be attached.
there ain't no law bout bullet proof vests in Kentucky!
The legal term is "execution proof" In essence it means the debtor has no property that is considered nonexempt under state laws. Each state has a proscribed set of exemptions that can be used whenever a person is sued or files bankruptcy. For the average consumer this usually renders them "judgment proof" meaning the debt even though a writ of judgment is granted cannot be collected. "Macky"
Yes, it is legal to keep rays in Kentucky
Yes. Salvia is currently legal in Kentucky.
Social Security Disability and Social Security is judgment proof from debtors in all states.
They are completely unrestricted in kentucky.
You can live on a houseboat in Kentucky.
Yes, they are legal.
Guaranteed annuities are typically protected from creditors in some states, known as "judgment-proof." This protection varies by state law and the type of annuity involved. It's important to consult with a legal professional familiar with your state's laws to understand how annuities are treated in the event of a judgment against you.
The legal age to drink alcohol in the state of Kentucky is 21.
The duration of Snap Judgment - legal comedy show - is 1800.0 seconds.