Definitions for "Judgment Proof"
One against whom a judgment creditor cannot collect (no assets). If one can show he was defrauded by a "judgment proof" real estate licensee, he may recover from the state fund in states having such a fund.
A judgment debtor from whom collection cannot be made. A person who has no assets or has concealed or removed property subject to execution.
Person would be unable to satisfy a court ordered judgment because the person is poor.
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