I know a guy doesn't mean he's a friend. But bankruptcy is absolutely a solid tool that lets you keep your assets. If Rudy is smart, and being that he's a lawyer I assume he is, like this guy, he'll push most of his assets into LLC's and bypass any concern you just raised. He still controls the LLC's and thus, his assets, they're just not in his name. So when HE files for bankruptcy, only the assets in HIS name, not his LLC's will be under consideration for sell-off which, if he's smart, and he is, will be minimal.
It's not hard, bruh. Your LLC's can also own LLC's. It doesn't take a genius to figure it out. You can easily put things in trusts and create degrees of separation between you and your assets to make sure you never lose them, no matter what any judge tried to pull. Whatever links you may want to post.
Rudy is and will be fine. He chose to do this, remember. And it's not cause he's stupid.
Declaring bankruptcy will not erase the $148 million in damages he owes to the Georgia election workers. Bankruptcy law does not allow for the dissolution of debts that come from a 'willful and malicious injury' inflicted on someone else.
I know a guy doesn't mean he's a friend. But bankruptcy is absolutely a solid tool that lets you keep your assets. If Rudy is smart, and being that he's a lawyer I assume he is, like this guy, he'll push most of his assets into LLC's and bypass any concern you just raised. He still controls the LLC's and thus, his assets, they're just not in his name. So when HE files for bankruptcy, only the assets in HIS name, not his LLC's will be under consideration for sell-off which, if he's smart, and he is, will be minimal.
Thanks for the link though.
Putting your assets into an LLC doesn't guarantee your creditors can't get to them in a personal bankruptcy.
https://www.nolo.com/legal-encyclopedia/limited-liability-protection-llcs-a-50-state-guide.html#:~:text=An%20LLC's%20money%20or%20property,ownership%20interest%20in%20an%20LLC.
And bankruptcy judges can also direct the priority of where payments go when doling out the money.
Just look at what happened to Alex Jones when he tried to file for bankruptcy to avoid paying out that Sandy Hook judgement.
It's not hard, bruh. Your LLC's can also own LLC's. It doesn't take a genius to figure it out. You can easily put things in trusts and create degrees of separation between you and your assets to make sure you never lose them, no matter what any judge tried to pull. Whatever links you may want to post.
Rudy is and will be fine. He chose to do this, remember. And it's not cause he's stupid.
Okey dokey
A quote from the article cited above:
Lol oh did the article say that? Oh... those writers are so smart and honest. We should totally listen to them.