Can a judgment proof disabled debtor, have judgment placed on credit report

[missrebbie]

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[willingtocope]

I'm not 100% certain, but its my understanding that "judgement proof" really means that if they do go ahead and sue and the court decides in their favor, they still get their judgement. The "proof" comes from the fact that if you haven't got anything for them to garnish or reposses or whatever, then their judgement is worthless.

Sometimes...the fact that the judgement is worthless...may convince the lawyer not to bother.

Still, assume they'll carry through with it...plan on showing up in court.

[missrebbie]

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[unusualsuspect]

I did-- No American assets to attach.

I have judgments into the millions!! Yes they are all on my credit report too!

But I was smart and in the course of the court cases, I moved everything to Mexico. Thier judgments are worthless... the only thing is that I have to live in Baja for the next 10 years.

[missrebbie]

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[willingtocope]

If they get a judgement in some state other than the one in which you currently live, then they have to file in your current state to have the judgement "domesticated"...in other words, moved to your current state.

(Mexico, being another country, is a whole 'nuther problem. (And, I suspect, unusualsuspects may be pulling our legs)).

[missrebbie]

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[willingtocope]

Because of the hassles involved with domesticating a judgement, creditors usually sue in the state in which you currently live. (Some aren't bright enough to figure that out, but most are).

[missrebbie]

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