Definition
A person with so few assets that winning a lawsuit against them is financially worthless. You'd win the battle but lose the war because there's nothing to collect.
Example Usage
The plaintiff realized the defendant was judgment proof—owning nothing but a rusted truck.
Origin
20th century legal slang
Fun Fact
Some judgment proof debtors are intentionally strategic, hiding assets while maintaining modest appearances
Source: Debt collection and creditor terminology
Related Terms
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See “Judgment Proof” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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