When a Judgment Proof Debtor Works to Stay That Way
In the judgment collection game, there is one type of judgment debtor every creditor fears: the judgment proof debtor. Running up against a judgment proof debtor significantly decreases the chances of ever getting paid. Things are made even worse when a judgment proof debtor works hard to stay that way. Is it possible to still collect every penny owed from a judgment proof debtor? Certainly. Is getting paid easy? No. The big question for creditors is how to proceed. Creditors can: Write off the debt and walk away Accept whatever little they can get, when they can get it Wait...