It’s all the Wizard of Oz … when they know full well the bankruptcy going on and all the rest of it, that it’ll show what I’ve got and that’s it, and I have almost nothing.”
Now that's good asset protection. Other entities owning 'your' money makes it unavailable to predatory lawyers.
Also, Jones doesn't "have to pay". A judgment gives the plaintiffs the rights and legal tools to attempt to seize your assets, if they're lying about in the open.
Or, you can sell your judgement to a 'professional' collector for a 50% haircut.
Sector7 0 points 1.5 years ago
Now that's good asset protection. Other entities owning 'your' money makes it unavailable to predatory lawyers.
Also, Jones doesn't "have to pay". A judgment gives the plaintiffs the rights and legal tools to attempt to seize your assets, if they're lying about in the open.
Or, you can sell your judgement to a 'professional' collector for a 50% haircut.