Whats the difference between the following court imposed financial penalties?
whats the difference between;
-agreed/ordered to forfeiture,
-order to pay restitution,
-fines imposed by the court,
-liens and other such financial judgments.
And if you are said to be "judgment-proof" how does that effect those judgments?
Answers:
Being judgment proof does not protect an individual against the court entering judgment against him/her. It usually just means that the judgment in the form of a fine or other financial penalty cannot be collected because the individual is destitute or has his/her assets in some sort of trust or or other document that makes collection impossible or difficult.
Forfeiture: forced to give up something sometimes ill-gotten gains.
An order to make the aggrieved party whole by paying for damage caused at the hands of another.
Court Imposed Fines. Set by state or Federal law, these included things like parking tickets all the way up to major fines for using substandard materials / workmanship on a state or federal building project, for example.
Liens may be levied against an individual or in some cases a corporation for failure to pay for work they contracted to have done.
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