Quote:
Originally Posted by Chris
Not immediately. The court will order liquidators to start seizing assets. In practice if he can’t realise the cash himself quickly enough he will have to engage a bond company who will pay it for him. He would still have to pay a non-recoverable fee for such a service though. From what I’m reading that would be 10%, so upwards of $40 million. And if his appeal fails he will still have to pay the rest at the end of it all.
|
What bond company has half a billion dollars available for a single individual? The 9% interest you mentioned earlier is speculated at being applied for 6 years btw
