Re:Elizabeth Holmes representing herself in Arizona civil case
by manigandham on Sunday January 26, 2020 @10:37PM
(#22156696)
Well it can be paid over time. There are other convicted scammers with giant restitution amounts that they just keep paying until they die.
Re:Elizabeth Holmes representing herself in Arizona civil case
by voxic11 on Monday January 27, 2020 @11:46AM
(#22161017)
You obviously can't discharge criminal restitution in bankruptcy. You can discharge civil judgements in most cases, but intentional fraud can be non-dischargable if the creditor files a adversary proceeding.
I guess if they won the criminal case they would have a much better chance of arguing to the bankruptcy court that it wasn't intentional fraud.
She's going to get hit with a 200 million dollar judgement. But she doesn't have 200 million dollars. I assume, at that point, she can declare bankruptcy.