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Examples
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How confident are we that lenders won't do the exact same thing they did before, since they know that they're judgment-proof and will get bailed out anyway?
Dichotomies abound 2009
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In short, filing frivolous suits is virtually never actually sanctioned (and the sort of clearly frivolous suits that are filed — the kind where tinfoil hats are involved — the plaintiffs are generally judgment-proof.) David M. Nieporent (Quote)
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How confident are we that lenders won't do the exact same thing they did before, since they know that they're judgment-proof and will get bailed out anyway?
Dichotomies abound 2009
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The lower sum also reflected the fact that the Japanese company was effectively "judgment-proof" in the U.S.: it had bought its 10% interest in Macondo through a special-purpose vehicle that contained no other assets and technically had no ability to pay fines and other costs.
BP, Mitsui Settle Spill Costs Guy Chazan 2011
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In short, filing frivolous suits is virtually never actually sanctioned and the sort of clearly frivolous suits that are filed — the kind where tinfoil hats are involved — the plaintiffs are generally judgment-proof.
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One problem with this is that a substantial percentage of the population is judgment-proof.
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ROSENBERG: But what we see is, bosses, some of them are judgment-proof.
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By the time an investment went bust, the promoters often were nowhere to be found or otherwise judgment-proof.
Blue Sky Laws and the Progressive Regime Dan Ernst 2009
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Unfortunately, my suspicion is that you deal with a high proportion of judgment-proof clients.
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Plus he's probably judgment-proof what with that monster coke habit.
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