• grabyourmotherskeys@lemmy.world
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    1 year ago

    I have no idea how anything works but I’m a 50 year old man so I’ve got an opinion.

    He has lots of assets and a judgement against him in their favor makes them high priority creditors (I think).

    My guess is they will liquidate his assets, pay lawyers, pay banks, then pay these women and anyone else he’s in debt to.

    There will probably be a proceeding where his creditors lawyers line to explain why they should be paid first so maybe it won’t go that way.

    But rest assured: the lawyers and banks will be paid and he’s deeply in debt.

    He probably sees this as way to both restructure his debt and avoid paying them. How successful he is at that will be revealed in time.