Rudy Giuliani files for BANKRUPTCY and lists more than $500million in debts
(www.dailymail.co.uk)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (45)
sorted by:
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.
Also, you should go see what's going on with Alex Jones and his bankruptcy. He was trying to get out of paying judgments for defamation lawsuits by declaring bankruptcy as well. It didn't work for him, either.
Or you could go research bankruptcy laws. If you find evidence that says they don't have to pay out for defamation cases, come back and let everyone know.
If we don't hear back from you, I'll take that as you not being able to find such evidence.
You didn't have any problems trusting what the article said when you thought it meant he wouldn't have to pay out to those women, did you?