2 ms·
Well, $100M is a lot less than $197M. Bankruptcy doesn't mean "out of money" it means that you have debts that you have no way of paying. I would expect a bankr
by Mvandenbergh 7y ago
Well, $100M is a lot less than $197M. Bankruptcy doesn't mean "out of money" it means that you have debts that you have no way of paying. I would expect a bankruptcy court to force him to liquidate almost all of that $100M to pay the judgement. I don't know if an arbitration judgement like this can be discharged through bankruptcy, some judgements and penalties cannot.
- lokar 7y agoAlso, he probably has other debts, and this process will sort out who gets what (since not everyone can get the full amount they are owed).