Nulla bona

“Nulla bona” is a legal term in Latin that translates to “no goods” or “no property” in English. It is often used in legal proceedings, particularly when a creditor is attempting to collect a debt from a debtor.

In situations where a creditor is unable to locate any assets or property belonging to the debtor that can be used to pay off the debt, they may report to the court or authorities that there are “nulla bona” or no goods available for seizure or attachment to settle the debt. This can happen when a debtor has no assets or has concealed their assets to avoid payment. In such cases, it can be challenging for the creditor to collect the debt, as there are no assets to be used for repayment.