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judgment proof

judgment proof

A term to describe assets protected from being seized by a creditor. i.e. assets a creditor cannot seize by going to court and getting a judgment. (California Bankruptcy Dictionary)

A term to describe assets protected from being seized by a creditor. i.e. assets a creditor cannot seize by going to court and getting a judgement. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.