Reader Questions

What is the Process to Become Judgment Proof? – Patricia

I have already consulted a lawyer re filing bankruptcy, but he told me that because I receive nothing but a SS Disability Check, that I was judgement proof. However, he didn’t tell me if I am supposed to file this with the court, or just let the creditors figure it out for themselves? Surely, there is some form or process I must go through to be considered judgement proof. My income is less than $1000/mo.

What should I do?

Patricia




This reader question was submitted for site members to answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.

If you have a credit or debt question you’d like to ask just use the online form.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.


READ  What Does Judgment Proof Mean?



About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

5 Comments

  • What if there is a small savings account or home that has a reverse mortgage making payments. Is either the savings or reverse mortgage payments protected from creditors?

  • There is nothing to file with the court. The term “judgment proof” is a bit misleading. Someone who is considered “judgment proof” can still be sued and have a judgment issued against them. It is the collection of the judgment that is an issue for the creditor.

    When asked for details of your income when you are sued, just tell the court and the creditor will realize they can’t garnish your wages.

    Steve

  • There is nothing to file with the court. The term “judgment proof” is a bit misleading. Someone who is considered “judgment proof” can still be sued and have a judgment issued against them. It is the collection of the judgment that is an issue for the creditor.

    When asked for details of your income when you are sued, just tell the court and the creditor will realize they can’t garnish your wages.

    Steve

    • What if there is a small savings account or home that has a reverse mortgage making payments. Is either the savings or reverse mortgage payments protected from creditors?

Leave a Comment

Scroll to Top