Judgement Proof: Canada Debt .ca defines Judgement Proof

Bankruptcy Term Judgement Proof

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Canada Debt has the definition to the bankruptcy and debt term Judgement Proof. Finding answers to terms such as Judgement Proof can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Judgement Proof in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Judgement Proof' is used as follows:

A term to describe assets protected from being seized by a creditor. i.e. assets a creditor cannot seize by going to court and getting a judgement.