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"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.
What else can I help you with?
How do you get proof that a judgment has been satisfied?
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.
What is the legal age of majority for Kentucky?
The age of majority in Kentucky, like many other states, is eighteen years old.
What is the legal age in Kentucky to be emancipated?
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.
Is weed legal in Kentucky?
uhm, no?
Are switchblades legal in Kentucky?
Yes, switchblades are legal to own and carry in Kentucky. Kentucky law allows individuals to possess switchblade knives as long as they are not carried with the intent to harm others. It is advisable to check the specific local regulations regarding blade length and concealed carry.
Would a person who has no assets and whose only income is from Social Security Disability be considered judgment proof?
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.
What are the laws about bullet proof vest in Kentucky?
there ain't no law bout bullet proof vests in Kentucky!
In a lawsuit what does the term judgment proof mean?
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"
Is salvia legal in Kentucky?
Yes. Salvia is currently legal in Kentucky.
Is it legal to have a stingray in Kentucky?
Yes, it is legal to keep rays in Kentucky
Is social security disability judgment proof in Missouri?
Social Security Disability and Social Security is judgment proof from debtors in all states.
Is it legal to live on a houseboat in Kentucky?
You can live on a houseboat in Kentucky.
Are studded tires legal in Kentucky?
They are completely unrestricted in kentucky.
Are tire chains legal in Kentucky?
Yes, they are legal.
Are Guaranteed Annuities Judgment Proof?
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.
What is the legal age to drink alcohol in Kentucky?
The legal age to drink alcohol in the state of Kentucky is 21.
How do you get proof that a judgment has been satisfied?
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.
