Definition
Judgment proof (or judgement proof) refers to a person who does not have enough income or assets to pay a court judgment against them. A debtor who is broke and unemployed can be considered judgment proof, as can one whose only assets or income fall into certain legally protected categories. Key Takeaways Being judgment proof typically means having few assets and little earned income.Creditors can
In Panel Profits
In the Panel Profits market platform, Judgment Proof: What It Is, Examples in Debt Management applies standard financial concepts principles to comic assets and physical collections.
Common mistakes
Do not infer unobserved prices.