LogFAQs > #982467110

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TopicTrump Trials Topic : October Version.
ThePieReborn
10/09/24 10:30:40 PM
#77:


CableZL posted...
I guess the judge could opt for a default judgement against Patrick Byrne as well, but I'm not well versed on how the enforcement of that kind of thing would go.
  1. Get default judgment award.
  2. Take judgment, file liens in states where assets are located.
  3. Levy aforementioned liens on assets.
  4. ???
  5. Profit.
Unfortunately, step 2 is usually the troublesome part. However, there may be avenues to pursue non-tangible assets like stock shares depending on Byrne's financial arrangements. Any real or other tangible personal property he owns would also be up for grabs, although that's not accounting for business/trust ownership.

Edit: There is also the trouble of accounting for preexisting secured interests on certain assets. Preexisting secured interests take priority over later judgment liens when liquidating assets.

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