4191 replies to this topic

[Old Man]

Ask OJ Simpson if it mattered.

Net worth = $3 million, he isnt homeless or broke.

[TwentyThirtyFive]

Make that fat F go work at Burger King the rest of his life and pay the families with it.

[Old Man]

That's why this does matter. They are awarded but easily dodged by bankruptcy in most cases. In these, they never go away, which means you can garnish wages and place liens on assets for them, and he can't get around them unless he works completely off the grid and paper trail the rest of his life.

at the end of the day, the final outcome is usually the same. No money ever ends up where it needs to be given.

[JeremyStrain]

at the end of the day, the final outcome is usually the same. No money ever ends up where it needs to be given.

Not for these. They are rare. Student Loans are the only other one I can think of. The family goes to court and presents the judgement, and attempts at collecting, and a judge will either straight take it out of the bank account, or issue a garnishment that will take a cut of every dime that comes to him. He can't just not pay it without going to jail. And even then they'll still go into his bank account and just take it. There's a formula how much max they are allowed to take though. So ends up a percentage.

[Old Man]

Not for these. They are rare. Student Loans are the only other one I can think of. The family goes to court and presents the judgement, and attempts at collecting, and a judge will either straight take it out of the bank account, or issue a garnishment that will take a cut of every dime that comes to him. He can't just not pay it without going to jail. And even then they'll still go into his bank account and just take it. There's a formula how much max they are allowed to take though. So ends up a percentage.

I believe the figure is 25% is the most they can take.

[JeremyStrain]

I believe the figure is 25% is the most they can take.

Sounds about right. I haven't done them in a while, and it's different with child support, usually much lower numbers.

[Old Man]

Sounds about right. I haven't done them in a while, and it's different with child support, usually much lower numbers.

child support really needs worked on in this country.

 

You can only take 25% from job #1.

 

So guys these days are dumping money into their 401K and living off job #2, which the state cant touch. They wont lock people up, as they dont have the prison room. The people know if, so no consequences, they ignore it.

 

sorry for the rant in the anti-rant, but this subject is near and dear to me.

[Nigel Tufnel]

Net worth = $3 million, he isnt homeless or broke.

 

He isn't homeless because of Florida's homestead laws, and he isn't broke because his NFL pension is exempt from the lawsuit.  That's all he has.  Oh, and he went to jail because his plan to hide some of his assets went wrong.

[Old Man]

He isn't homeless because of Florida's homestead laws, and he isn't broke because his NFL pension is exempt from the lawsuit.  That's all he has.  Oh, and he went to jail because his plan to hide some of his assets went wrong.

I thought he went to prison for armed robbery in Vegas. How much of that 33.5 million dollar settlement has he paid off on?

 

Years later, he was convicted of armed robbery in Las Vegas after leading five men, including two with guns, in a confrontation with sports collectibles dealers at a casino hotel. He served nine years in prison before being released in 2017. He had been on parole until now.

[Nigel Tufnel]

I thought he went to prison for armed robbery in Vegas. How much of that 33.5 million dollar settlement has he paid off on?

 

Armed robbery of the collectibles dealer who was hiding OJ's stuff from the Goldmans for him.  OJ basically raided the guy's house to get his stuff back, so he could hide it somewhere else.

[Old Man]

Armed robbery of the collectibles dealer who was hiding OJ's stuff from the Goldmans for him.  OJ basically raided the guy's house to get his stuff back, so he could hide it somewhere else.

Ok.

 

Lets go back a bit. According to google.

 

OJ has paid $133K to the Goldmans, of the 33.5 million he owes them.

 

Safe to say, the system is broken, when the victims do not get the judgement.

 

Not saying, the Goldmans are in dire straights. But, some of the victims from Shady Hook are.

[You Play to Win the Game]

sorry for the rant in the anti-rant, but this subject is near and dear to me.

Sorry to hear this man.

[mdrunning]

That's why this does matter. They are awarded but easily dodged by bankruptcy in most cases. In these, they never go away, which means you can garnish wages and place liens on assets for them, and he can't get around them unless he works completely off the grid and paper trail the rest of his life.

But typically such awards aren't based on someone's ability to pay. It's likely the total amount will be reduced by a judge, an appeals court, or a bankruptcy court. 

[JeremyStrain]

But typically such awards aren't based on someone's ability to pay. It's likely the total amount will be reduced by a judge, an appeals court, or a bankruptcy court.

That’s what I as saying. This isn’t even eligible to come up in bankruptcy court. Their are certain egregious actions you can’t get out of and this is one of them. The amount paid weekly or monthly or whatever is usually determined by the ability to pay. A certain % of a paycheck for instance. Or they will take a certain % of a deposit to a bank account. But the total amount will stay there forever until he pays it.

The award is calculated figuring in ability to pay too so that amount they were considering how much he brings in. They couldn’t just award a $1b claim against someone with no savings and a 40k/yr job cause they’d never be able to pay it. They must be figuring in the revenue he’s got coming in somewhere.

[mdrunning]

That’s what I as saying. This isn’t even eligible to come up in bankruptcy court. Their are certain egregious actions you can’t get out of and this is one of them. The amount paid weekly or monthly or whatever is usually determined by the ability to pay. A certain % of a paycheck for instance. Or they will take a certain % of a deposit to a bank account. But the total amount will stay there forever until he pays it.

The award is calculated figuring in ability to pay too so that amount they were considering how much he brings in. They couldn’t just award a $1b claim against someone with no savings and a 40k/yr job cause they’d never be able to pay it. They must be figuring in the revenue he’s got coming in somewhere.

That's true for punitive damages; however, the $965 million award was entirely compensatory, which could potentially be discharged.

[JeremyStrain]

That's true for punitive damages; however, the $965 million award was entirely compensatory, which could potentially be discharged.

Because it's based on intentional tortuous conduct it won't get discharged. Have learned a ton of business tricks over the years, and this is one I've learned that sticks. Too many places thought bankruptcy was their magic escape route and found out otherwise.

[Pedro Cerrano]

He will probably try to fight this and argue that his actions don't fall within that particular facet of the BK code.

[JeremyStrain]

He will probably try to fight this and argue that his actions don't fall within that particular facet of the BK code.

Sounds pretty on brand for him. Let’s hope he doesn’t weasel into something like that.

[mdrunning]

Because it's based on intentional tortuous conduct it won't get discharged. Have learned a ton of business tricks over the years, and this is one I've learned that sticks. Too many places thought bankruptcy was their magic escape route and found out otherwise.

I don't want to get into a huge argument here, but compensatory damages are designed to make someone whole after a loss, while punitive damages are to punish a defendant for wrongdoing. The latter could bolster the plaintiffs' case, as you've stated. 

 

The fact that the amount of the verdict is not strictly for economic damages, such as lost wages or medical expenses, could make it vulnerable to reduction. Most of the damages awarded in this case were due to the emotional distress Jones caused the plaintiffs. There's also the case of the jury involved. A trial judge has wide discretion to determine if the jury award was a result of passion or prejudice. Alex Jones is reviled, while the plaintiffs elicit tremendous sympathy. But in court, everyone has to be treated the same, be it Alex Jones or the Pope himself.

[DuffMan]

After being internet friends for many years, got to meet Jeremy Strain in person over the weekend and talk Soccer with him while at my daughter's game (don't ask about the game).