Making yourself judgment proof

Have little or no assets in your name; or they are secured to debt you owe to the point where taking the assets wouldn’t yield the creditor anything. However, if you default on a debt, and there is security for that debt, do expect the creditor to want to take the asset, even if the worth isn’t very high … so “expect” to lose the asset, even if in reality you may not.

Assets would include vehicles, home, bank accounts, savings bonds, almost anything that would have a cash value.

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