Can credit card companies put you in jail for non-payment when you have no assets left?
Absolutely not. Even when lawsuits are inititated, won and judgments granted to the plaintiff, many debtors will be “judgment proof” (the legal term is execution proof). This indicates the debtor has no assets that can be attached by creditors for debt owed. Many judgments are renewable, therefore, the judgment holder may exercise that option in the hope that the debtor will eventually acquire attachable property.
