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PC Owes $3+ Million to Former Spouse as Property
Dear Gary,
I agree that bankruptcy will not solve your client's problems. However, if I understood your description of his woes, he is destitute, and therefore judgment-proof. After all, if his sole source of income is social security, and his assets are minimal, against what will the judgment creditor collect? Perhaps he should tell his creditors where things stand. If they see that he's a dry well, maybe the phone calls will stop.
Nick
Nicholas Gebelt, Ph.D., J.D.
Certified Bankruptcy Specialist
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Law Offices of Nicholas Gebelt
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