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But does that same rule prevent bankruptcy after getting a final judgement. She's going to get hit with a 200 million dollar judgement. But she doesn't have 2
by rhino369 7y ago
But does that same rule prevent bankruptcy after getting a final judgement.
She's going to get hit with a 200 million dollar judgement. But she doesn't have 200 million dollars. I assume, at that point, she can declare bankruptcy.
- manigandham 7y agoWell it can be paid over time. There are other convicted scammers with giant restitution amounts that they just keep paying until they die.
- voxic11 7y agoYou obviously can't discharge criminal restitution in bankruptcy. You can discharge civil judgements in most cases, but intentional fraud can be non-dischargable if the creditor files a adversary proceeding. I guess if they won the criminal case they would have a much better chance of arguing to the bankruptcy court that it wasn't intentional fraud.