What is considered judgment proof in Minnesota?

Answer by  epglaw (553)

If you are unemployed, do not have savings greater than $1,000, or your source of income is from a disability benefit, or you do not own your own home and/or an automobile, you are considered to be judgment proof. Inotherwords, no tangible assets makes you judgment proof.

Answer by  Rathjinngmailcom (234)

Judgement Proof in Minnesota means you have no seizable assests which may be a house or a car in your name. If no assests are in your name then it is more difficult to make a judgement enforceable.

Answer by  notenoughfacts (257)

No dispensable income is usually the standard people think of regarding judgment proof. However, don't assume you're judgement proof because you're broke.

Answer by  colshan (63)

I have a received a legal judgment absolving me of any participation in a crime. What documents do I need to provide to employers, creditors, etc. , to provide adequate proof of my innocence?