InvestorsHub Logo
Followers 5
Posts 2178
Boards Moderated 0
Alias Born 12/26/2016

Re: None

Tuesday, 05/21/2024 10:34:37 AM

Tuesday, May 21, 2024 10:34:37 AM

Post# of 46159
People and companies are judgment-proof when they lack any actual assets or resources or insurance to pay a court judgment against them.
The term is used in situations where a plaintiff would be no better off with a favorable judgment than they would be had they chosen not to sue the defendant in the first place.
https://www.law.cornell.edu/wex/judgment-proof#:~:text=The%20term%20is%20used%20in,a%20court%20judgment%20against%20them.
Small Claims Pretrial Tracking Sheet - Defendant Not Present -
Burchill, Stuart George Defendant
Industrial Nanotech Inc Defendant
Express Exports Australia Pty Ltd Plaintiff