Comment Re:Owners get rich, everybody else pays them (Score 1) 215
>Can't he just stake his properties to cover his obligations?
generally, no.
Bonding companies generally need liquid collateral, as they have to pay within ten days or so if the appeal fails.
You just can't sell real estate worth tens or hundreds of millions quickly for full price.
So to use the real estate, he would need some with the interest owned by himself or an entity subject the judgement (as opposed to, say, a 40% interest), and a lender willing to take a junior mortgage (which in turn would mean thatthatlender would want a *huge* equity cushion).
hawk, esq.