What does the term "judgment-proof" imply about a debtor?
A)He/she has defaulted on a mortgage.
B)He/she has paid the full amount for the transaction.
C)He/she has provided a security interest for the debt.
D)He/she has no property subject to execution.

Question

Quizplus · Accepted Answer

If the debtor does not pay or keep the promise,the creditor can have the sheriff execute the judgment on any property owned by the debtor that is subject to execution.However,if the debtor might be judgment-proof;that is,the debtor may not have any property subject to execution or may not have a steady job,such an execution would be of little help to him.

What Does the Term "Judgment-Proof" Imply About a Debtor