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Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by Fezzik on Saturday November 12, 2022 @01:32PM (#33575660)
Generally you just have your wages garnished for as long as you have an income. This would include Social Security. If, somehow, you came into significant funds again you could probably negotiate a one time payment to satisfy the judgment. That seems highly unlikely in her case though.
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by HyperSane on Saturday November 12, 2022 @01:35PM (#33575688)
Her husband is quite rich.
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by swarnie on Saturday November 12, 2022 @01:50PM (#33575840)
Does debt pass to spouses in the US?
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by hn_throwaway_99 on Saturday November 12, 2022 @01:57PM (#33575896)
Generally, no, especially debt that occurred before the marriage.

That said, California is a community property state, which means that income and debts that are incurred during the marriage are considered the joint property of both spouses. Again though, Holmes debt and her husband's wealth were acquired before their marriage, so in that case it's easy to keep these separate.

Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by FireBeyond on Saturday November 12, 2022 @02:26PM (#33576188)
> Holmes debt

Is only being incurred now, at the verdict.

> husband's wealth

Acquired before marriage, and would have to have been mind bogglingly stupid, knowing the risk of a liability finding, not to protect that with a prenuptial.

Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by hn_throwaway_99 on Saturday November 12, 2022 @02:41PM (#33576298)
> Is only being incurred now, at the verdict.

IANAL but that's generally not how it works. The timing of when the debt was incurred here would be considered when the conduct occurred that resulted in the verdict.

> not to protect that with a prenuptial

Would probably want a prenup for other reasons, but wouldn't be necessary here. Just need to ensure his pre-marriage assets weren't commingled with community property during the marriage.

Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by HyperSane on Saturday November 12, 2022 @04:50PM (#33577459)
Is the fact that he married and had a child with Holmes evidence that he is in fact "mind bogglingly stupid"?
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by compsciphd on Saturday November 12, 2022 @02:32PM (#33576237)
if her husband is a beneficiary of a trust (i.e. as I'd assume many heirs are). would any future disbursements (if they exist, there might be none) be considered 50% hers and hence have to the settlement?
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by hn_throwaway_99 on Saturday November 12, 2022 @02:41PM (#33576304)
No
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by narrator on Monday November 14, 2022 @08:19PM (#33603988)
No, that's separate property. That's his as long as trust funds are not commingled with community funds.
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by highwaylights on Saturday November 12, 2022 @02:04PM (#33575985)
I'm going to guess no, given that this has all been coming down the pipe since before they got married - and I'm fairly certain no-one is foolish enough to do something like that under those circumstances.

Also, I can't imagine his family would have jumped for joy over it either without consulting several lawyers ahead of time.

Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by FireBeyond on Saturday November 12, 2022 @02:25PM (#33576179)
My understanding is that the date of sentencing/verdict is the date of record, since until that point you have not been found guilty/liable.

I guarantee there's a prenup.

Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by highwaylights on Saturday November 12, 2022 @03:20PM (#33576637)
Surely there must be. It makes no sense otherwise - this outcome has been widely predicted for a loooong time.
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by moralestapia on Saturday November 12, 2022 @04:16PM (#33577182)
It's not that debt goes from one spouse to the other.

When you marry someone you become some sort of combined entity where assets/liabilities now belong to the husband-and-wife-estate figure and not by any of them individually (obv. disregarding the effects of prenups and similar clauses).

Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by hn_throwaway_99 on Saturday November 12, 2022 @07:15PM (#33578610)
That's not the case in any state for assets and liabilities acquired before the marriage, including community property states.
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by umanwizard on Saturday November 12, 2022 @02:11PM (#33576050)
What fraction of your wages get taken?
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by tssva on Saturday November 12, 2022 @02:49PM (#33576376)
From the Department of Labor information notice regarding wage garnishment:

"Title III also protects individuals by limiting the amount of earnings that may be garnished in any workweek or pay period to the lesser of 25 percent of disposable earnings or the amount by which disposable earnings are greater than 30 times the Federal minimum hourly wage prescribed by Section 6(a) (1) of the Fair Labor Standards Act of 1938. This limit applies regardless of how many garnishment orders an employer receives. The Federal minimum wage is $7.25 per hour."

It also states that if state limits are smaller than the state limits apply.

Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by tssva on Saturday November 12, 2022 @02:39PM (#33576283)
Social Security is exempt from most garnishment by federal law.
Re:U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud by moralestapia on Saturday November 12, 2022 @04:12PM (#33577133)
I've heard it is 5 years but I have no good source on that. Perhaps it depends on each particular case?