You’ve probably heard the term “judgment proof” at some point or another and wondered what it meant. Judgment proof is a legal term for someone whose income and assets are exempt from garnishment or seizure by a creditor. Usually, this is by operation of law that an asset or income is declared to be free from the collection by a creditor. The best example of this is seniors who only receive social security or people with disabilities who receive SSI.

If you are judgment proof and a creditor gets a monetary judgment against you, the judgment is not worth the paper it’s printed [read more]