Allegedly wins latest court battle against Burns

[mikiesb]

Will re read all of this i misunderstood .

[Parson Cross]

You have.

[spudder56]

Could Burns not just give all his cash/assets to his wife, "leave" her and just declare bankruptcy?

No mate it's too late for that he will have to pay up

[dookus]

Could Burns not just give all his cash/assets to his wife, "leave" her and just declare bankruptcy?

No mate it's too late for that he will have to pay up

If he tried that, she'd be deemed as holding the assets "on trust" for his creditors - i.e. Frank - and they'd be used to meet his liabilities. In these situations what is usually done is to get rid of the assets before there is a judgment...

[spudder56]

Could Burns not just give all his cash/assets to his wife, "leave" her and just declare bankruptcy?

No mate it's too late for that he will have to pay up

If he tried that, she'd be deemed as holding the assets "on trust" for his creditors - i.e. Frank - and they'd be used to meet his liabilities. In these situations what is usually done is to get rid of the assets before there is a judgment...

Spot on

[Eddy]

Ricky earned that money through his talent and years of hard work. Now that kn ob takes it all. If we're going by breaching contracts, the c___ lost his court case against Joe Calzag, and guess what ...the fighter gets swerwed again!