Whale friend, you just never know with those Hambeasts. It's always smoke and mirrors or just outright lies with them.
Or...maybe it's because of the lawsuit? Even if it's in Priscilla's name I think it would still be considered a (marital) "asset" since it was obtained during the marriage?
Who can straighten me out on that?
It depends on their finances and how the judge (or jury) rules on and how much is awarded.
If Asa ends up being found guilty, then it goes to how much they rule he has to owe (which then can be appealed and held up in court for a few years). Essentially, if he looses all his appeals, then he will have to pay whatever amount is awarded to the Plaintiff on his side.
This is where the assets and accounts will come into play. He will either have to pony up the dough, declare bankruptcy or be held in contempt of court.
If they don't have the funds, Asa and Priscilla will be forced into bankruptcy. When married, if one spouse files bankruptcy, both individuals are listed and have filed together. You cannot file it separately, as far as I am aware, especially when you live together. (I think I have seen where it could be done separate but the individuals showed that they were separated for years and years prior and they didn't have joint assets).
So, Chapter 13 bankruptcy would be the first option that they would be required to file and that is reconsolidating. In Chapter 13, they would have to go to credit counseling and talk with a counselor about all their bills. They credit counselor would reach out to their financing companies and credit card companies and work out a deal with them. They would be put on a very strict budget and told a set amount of funds would be needed to sent to the other companies to satisfy their debits. If they couldn't reach a good compromise, they would just continue meeting with the counselor until the next court date.
After 6 months (sometimes a year), they would go in front of a judge again and request either to continue with Chapter 13 or could ask to go to Chapter 7 bankruptcy with would liquidate their assets.
In Chapter 7, Mold Manor is safe. Not because it is within a trust. Trusts aren't protected until the person opening them is dead. Mold Manor is protected because of homestead exemptions in Florida. Their vehicles are not (this includes the RV trailer, Abbie's electric cart, motorcycle, etc). They will be forced to hand them back to the bank. OR they can chose to keep one of the vehicles, if the finance company allows them to and they would recertify the financing after bankruptcy but they would loose Mold Manor. They would loose anything else big and GB's Blowing Rock abode would be gone. They would be required to make a list of all their items within the home and the creditors (all of them, from the lawsuit, which would be listed, credit cards, etc) then could force sale of those items, I could see the list of electronics, computers, drones, etc, be something they would want to be sold. Most don't really look but when you are talking about thousands and thousands in electronics gear, it is going to stick out. Anyways, they would then have to hand those items over to be sold and then the judge would discharge whatever remains.
I have a relative close that filed and lost everything but he kept his truck. His attorney told him that he could keep his house and truck (I told him otherwise) and the judge asked him in the court room, which one he wanted to keep. I told him that he couldn't keep both, as many years previous, I looked into it, read up all about bankruptcies and knew the rules. If it is something that may happen, I am literally the digger and investigator. The relative close to me, also had about as much electronic equipment that Asa does and he was required to hand it over too, to be sold. The creditors wanted the items sold.
to get a deal on auto shipments and she has zero responses. Justifying the purchase of a luxury vehicle saying it is for Abbie's comfort may not be sitting well with those who are scrimping on food and other essentials.
agree with their mental capacities. But, I've been trying to wrap my brain around why it has yet to be flaunted on any socials. It's like they are trying for a soft landing, but it's just not their style....kinda strange...could be (probably ) nothing.
