Just curious: what happens to a person who has huge judgments against him that he cannot possibly be reasonably expected to pay through the rest of his life? Is there some point after which the creditors simply have to eat it? Are his earnings garnished forever? And if so, who decides how much he needs to live on? Isn’t this a form of indentured servitude and isn’t that illegal?
I don’t know. I think the victims have to eat the loss.