3 ms·
Assuming he's a NY resident, the laws here are not particularly generous. For example, our homestead exemption for a married couple tops out at $331,100. I don
by bradleyjg 10y ago
Assuming he's a NY resident, the laws here are not particularly generous. For example, our homestead exemption for a married couple tops out at $331,100.
I don't really understand all the ins and outs of chapter 11 bankruptcy (it is more commonly used by companies than individuals) but I don't think he is going to be able to retain all that much wealth if the judgment ends up standing. On top of that he'll have to pay all "disposable income" to creditors for five years.
- ryanlol 10y agoHe'd have to be a complete idiot to not have any offshore money.
- bradleyjg 10y agoAll assets have to be listed in the bankruptcy petition. He'd have to a complete idiot to commit perjury given his prominence and the fact that one of his creditors (Hogan) has good lawyers with unlimited budgets.