Source: Family members went through bankruptcy in Florida and were able to get back on their feet much quicker because their house couldn't be seized.
Source: Family members went through bankruptcy in Florida and were able to get back on their feet much quicker because their house couldn't be seized.
Sure, you shouldn't lose your reasonable family home over debt. But that doesn't mean people like OJ Simpson should be able to keep their multi million dollar estates even though they have filed for bankruptcy.
In order for a creditor to take a lien on your home after a bankruptcy proceeding in CA, I believe they need to prove that after a Sheriff's sale (which generally does not get market value), there will be more than the exemption limit left over after all the mortgage and taxes and fees are paid.
If they can't then they won't be able to levy your home and force a sale. So in a worst case scenario, you would need to take out an additional mortgage or heloc on the available equity in your home to bring the total available equity under the exemption limit ($75k+) and then pay that money towards the bankruptcy debt.
So basically what is happening, is you get to keep your home, but you are forfeiting all you home owner's equity that exceeds the exemption limit.
This is going to hurt him far, far more than what he did could ever have hurt Google. Yeah, maybe Google would have lost more than this on paper, but definitely not in terms of marginal utility. Google remains an extremely wealthy and powerful company and now Anthony is broke.
There is moral hazard written all over this, and you are either too naive to see it or are trying to defend the stacked kangaroo courts of American criminal proceedings for employees of large multinational corporations.
We know that the guy stole proprietary technology and maybe there might have been intentions to use it by Uber, BUT there's no proof tying it to Uber (of course). As always. These guys aren't dumb enough to make the mistakes that Microsoft made in the 90's.