What is Judgement Proof?
If you are judgement proof you do not have to file bankruptcy to get protection from your creditors.

“Judgement Proof” is a term to describe assets protected from being seized by a creditor. i.e. assets a creditor cannot seize by going to court and getting a judgement.

Please refer to your territory or province’s exemptions for assets protected from seizure (Click on the “What You Keep” button, on our main menu).

Canada Pension Plans (CPP) and Old Age Security (OAS) pensions cannot be seized or garnisheed by creditors. However, if they are deposited into a bank account the bank account can be seized or garnisheed.

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