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Credit Cards
Quote:
Originally posted by bilmore
But thankfully, it continues to allow one to sock away tons-o-bux in opulent homes and then shelters that asset from creditors. Similarly, if one's assets reach that critical mass at which expensive legal help becomes cost-effective, one can easily set up a sheltered trust, fund it with as much as you want, declare BK, and continue to exercise complete discretion and control over the trust.
It's good to be king.
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Apparently, there are solid gold fixtures in a lot of the homes in River Oaks due to the oil bust in the 80s and the ensuing desire to get as many assets into the homestead as possible.
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"In the olden days before the internet, you'd take this sort of person for a ride out into the woods and shoot them, as Darwin intended, before he could spawn."--Will the Vampire People Leave the Lobby? pg 79
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