Judgment Against Property Without Income Proof In Ohio
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FAQ
You are judgment proof if: All of your income is exempt: you do not have any income that companies are allowed to take from you unless you agree to give it to them, AND. You do not have any assets or property that companies are allowed to take from you unless you agree to give it to them.
And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Ohio, a judgment lien can be attached to real estate only (such as a house, land, or similar property interest).
But a judgment from an Ohio court is valid for 5 years, and then becomes dormant unless revived, giving creditors the ability to collect on judgments for much longer. Section 2325.18(B) sets Ohio's statute of limitations for judgment enforcement at fifteen years.
You can look at your credit report at .annualcreditreport or you can go to the local clerk for the courts and search the county database. If there are judgments in other jurisdictions you would have to look there as well.
A defendant is “judgment proof” if he or she is actually or effectively financially insolvent. This term applies exclusively to civil law matters, and is not, strictly speaking, a formal legal defense.
A person may be considered judgment proof if: The judgment being sought far exceeds the defendant's available assets, financial resources, and insurance coverage.
