What is judgment proof?

What is judgment proof?

2 Answers

No one is judgment proof. Anyone can be sued...it is collecting that could be an issue. However some states have a 20 year sol on judgments...things change over years.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

It simply means that a creditor who has a obtained a judgment cannot collect on the judgment because the debtor only has exempt assets.


Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 7 and 1


Page loaded in 0.706 seconds.