Is this judgement proof?
Date: Thu, 01/22/2009 - 05:10
Nobody is judgement proof . They may have no income that can be
Nobody is judgement proof . They may have no income that can be seized by a judgement but a judgment can still be filed against them.
They should try to negotiate with the creditors. It would be si
They should try to negotiate with the creditors. It would be silly for the creditors to pursue people who obviously have no assets or are not likely to get any. The best thing would seem to be to make sure that no judgements are entered against them and the best way to do that is to make sure the creditors know the situation.
Creditor's can't likely garnish SSI or the pension. But does
Creditor's can't likely garnish SSI or the pension.
But does your aunt/uncle have any other assets that can be attached. For example, if they own a home, a judgment can result in a lien against that property. Bank accounts can be seized. If they have lots of valuables (gold/jewelry, furs, etc), those can be taken to satisfy a judgment.
In essence, being "judgment-proof" won't stop lawsuits or collections, it just means there's nothing to take if a judgment is rendered.
