JumpySubsequentDolphin
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Simple English definitions for legal terms
execution-proof
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A quick definition of execution-proof:
Execution-proof: This means that someone cannot be forced to pay a debt or penalty because they have no money or assets that can be taken away. It is similar to being judgment-proof, which means that even if a court orders someone to pay, they still cannot be forced to do so because they have nothing to give.
A more thorough explanation:
Definition: When a person or entity is considered execution-proof, it means that they cannot be forced to pay a debt or judgment against them because they have no assets or income that can be seized or garnished.
Example: If someone owes a large amount of money to a creditor but has no job, no property, and no savings, they may be considered execution-proof. This means that even if the creditor obtains a judgment against them, they will not be able to collect any money because there is nothing to take.
Explanation: Being execution-proof is a legal term that describes a situation where a person or entity is unable to satisfy a debt or judgment against them. This can happen when the debtor has no assets or income that can be used to pay the debt. In the example given, the person owes money but has no job, property, or savings, so they are considered execution-proof. This means that the creditor cannot collect any money from them, even if they obtain a judgment in court.