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Judgment Proof Assets


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  • 3 months later...
How can we “judgment proof” unprotected classes of assets?

Example: cash, stocks, bonds, boats, collectibles, cars,

airplanes, investment properties, and vacation homes.

You just said you have none of this. You have a 10 year old car, social security, and retirement.

Why are you interested in how to make an airplane or investment properties judgement proof?

On a side note, while of course anything is possible, I don't see you having an airplane of your own and having it judgement proof.

That is unless you have to make a weekly trip to Japan for some rare medical treatment.

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  • 1 month later...
How can we “judgment proof” unprotected classes of assets?

Example: cash, stocks, bonds, boats, collectibles, cars,

airplanes, investment properties, and vacation homes.

People who are without assets...

have nothing to give and, therefore, nothing to lose.

If the debtor falls for bankruptcy, you cannot enforce a judgment against them, unless you first get written notice that you can from the court where the debtor filed. These income sources are available for alimony payments, but are off-limits to other creditors: such as social security benefits, unemployment insurance benefits, and also the veterans benefits. Judgment Proof is not always permanent. But every judgment owner should wish for is their debtor to make a lot of money, and get lucky.

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