When a defendant debtor in a lawsuit is said to be "judgement proof" it signifies
A) Clearly the defendant is not at fault for the debt.
B) The creditor committed fraud in the judicial process and therefore will not be successful.
C) The debtor has no assets which are collectable.
D) The creditor has no assets to pursue judicial actions.
Correct Answer:
Verified
Q26: A consensual lien is a lien on
Q27: All of the statements about mortgages are
Q28: Fred enters into a mortgage with First
Q29: Destin has missed several payments on his
Q30: List in order the process of collecting
Q32: Bob secures a judgment against Maria for
Q33: Alexander defaulted on a loan from Mississippi
Q34: In order to collect an unsecure debt,
Q35: Explain the process of recovering an unsecured
Q36: Why might a creditor want to seek
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents