Judgment-proof | Propertylogy

Judgment-proof

By on December 19, 2018

Judgment-proof refers to the unique situation whereby the assets of a debtor is beyond the legal reach of creditors even if their dispute is taken to court.

This can occur in certain circumstances and sometimes certain assets are expressly stated to be protected in law.

However, some states have laws that enable liens to be placed against property and remain there for decades.

It is possible that judgment creditors will be able to target assets that are judgment proof now but vulnerable in future.

Real estate attorneys should be consulted if one intends to explore this route of asset protection.


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