Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: SJackson; lado

assume that he sold the house on the open market..and entered into a contract to sell it for market price, say$10 mill....the creditors would petition the court to have the proceeds held in escrow..as it is obviously a lot easier to make the cash dissappear..


28 posted on 01/26/2009 12:57:00 PM PST by ken5050 (Don't blame me, I voted for Palin!!)
[ Post Reply | Private Reply | To 26 | View Replies ]


To: ken5050

Sure, he was stuck, and it doesn’t sound like his wife is a legitimate Florida resident anyway, so he loses. Should have sold it for $10 million, and taken a long vacation with his money like Marc Rich. I’m sure there’s some pleasant place in Central America that would shelter him.


33 posted on 01/26/2009 1:19:15 PM PST by SJackson (The American people are wise in wanting change, 2 terms is plenty, Condi Rice)
[ Post Reply | Private Reply | To 28 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson