hiding funds and lying to a judge is a risky strategy
Yes, and he's been doing that. However, the court gives time for the estate to reverse transactions to get a discharge.
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hiding funds and lying to a judge is a risky strategy
Come on Khansaheeb, you post more intelligent material up until now. In 3/4 of the world , you can't even speak the truth. THat includes Pakistan as several channels have been silenced.The dude forms an opinion and expresses it and has to pay almost a Billion dollars in compensation, seriously?:-
AJ is a nut job, yes, but what how is this a travesty of justice and mockery of the law?AJ is a dick, but this decision by the court was an absolute travesty of justice and mockery of the law.
Let me present a familiar scenario. What the proponents of free speech here don't understand is that these commentators are the enablers of the genocides America commits overseas by demonizing and other-izign Muslims. That's why it the you see the reason most americans are anti-war is their " (a few dozens of) our boys are getting killed overseas" and not "our boys are killing millions overseas"Free speech has its limits. Jones chose to demonise victims which resulted in violence and harassment against them by his fans.
He deserves to lose everything.
he has to watch every move he makes because the court can authorize the seizure of the assets
He'll file bankruptcy since this is a civil case and get the debt written off. Thus, in the end, it was a waste of time and money.
Alex Jones Likely Doesn’t Have $1 Billion. He Does Own Five Homes In Texas, Though.
The far-right radio host owes nearly $1 billion in damages for fueling a wide-reaching conspiracy theory about the Sandy Hook massacre. He doesn’t have that kind of money sitting around, meaning his personal assets will likely be on the line, including a multi-million dollar real estate portfolio.www.forbes.com
Buddy that is the biggest punishment - he has gone from a proud multimillionaire to a beggar hiding his funds.
Yes, but knowing the network he has, he will bounce back the following day. So he will be a millionaire again the next morning after the discharge, and the families will get whatever is left after their attorneys take their fees, usually 33% of the reward.
Now, to bring knowledge about the American bankruptcy system. If you are married and have joint assets in your spouse's name, if one spouse files bankruptcy, 50% of the non-filer spouse is protected. The trustee will sell half and give the remaining half of the funds to the spouse. So if he were worth $ 100M, the bank accounts and personal assets would be divided, and his spouse would get $ 50M.
My family and I, while running businesses, have structured assets so that if one unit goes down and bankruptcy has to be an option, we will bounce back up. Doctors in the U.S. put assets under their spouse's and children's names or in irrevocable trusts. The look-back period is usually four years under the Uniform Fraudulent Transfer Act, and federal law allows a ten-year look-back period only if you failed to pay taxes.
They have attorneys who look at the worst-case scenarios ten to twenty years down the road and know how to protect their clients. In the Enron example, executives put vast amounts of money into their primary homes in the State of Texas and lost bank accounts and other assets in bankruptcy. Yet, when they filed for bankruptcy, they kept their million-dollar homes because certain states like Texas provide 50% or 100% exemption on the homestead. The rest of the assets were split 50/50 before the court trustee took anything. Texas is the best, along with Florida, to protect homes in bankruptcy.
Hence, Alex Jones was laughing at the families. Take him down a few notches, but he'll still maintain his lifestyle.
It's like giving anal without a lube lolhe can protect one of those homes from creditors. the other four have to go
I understand what you're saying - but we're talking about one of the most famous men on earth. If he is seen to be spending any money, even if he goes large on his McDonald's meal - there will be a thousand articles on it. His life is over.