Judge Mathis says 50 is Done... EDIT: Bankruptcy Judge Says he's Playing Games :yowzers:
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Originalgangsta317
Banned
The Devil's Advocate
Call me Dad
fam did you even read the link vs what i said
what i said was you can have a high WORTH... and not have it in cash (liquid)
1st and 2nd sentence in YOUR article was:
Bill Gates has a net worth of nearly $82 billion, of which just $14 billion is in Microsoft MSFT -0.09% stock. The bulk of the remainder — $64 billion – is invested in a variety of assets through Cascade Investment LLC, his private investment firm, according to people familiar with the matter
that means he would have to sell his entire stock in microsoft and get the cash for it.... and still only be at 14 billion
then start selling these other investments until it got up the other 16 billion
then be signed sealed and cash transferred..... in the next 7 days??
nah breh it's not gonna happen that quick or that easy...
i wasn't trying to imply he's broke... or can't get the money.. or ANYTHING like that
i was purely saying, when they figure out a persons worth... that just means it's how much they COULD be worth, if they sold everything today, and got face value
deals, selling, buying, transferring of billions in cash, stock, and investments.... is not something you do in a week... even if you HAD to... cause then you definitely wouldn't be getting a true face value because of the rush
Originalgangsta317
Banned
Bill Gates got that loooooooooooooooooooooooooooooooooooooooooooooooooooooooooonnnng cash 4real breh's
What did he do in the last lifetime,that I didn't?
The point was, he's fukkin loaded. U dont know how much liquidity he has, but Im sure if he had to buy some $30bil company next wk, he most certainly could.
I still dont know why u comparing a rapper to Dolla Bill, but whatever.
Nah, he was a great character and personality, not a great rapper..you people get it so twisted.
Originalgangsta317
Banned
Pac the Goat boy shut the fukk up
Cloud Cloud
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Yall take that 2pac shyt the fukk out my thread
This strictly for shytting on curly
This strictly for shytting on curly
JayBaldacci
All Star
Nah, I'm right. 50/jay/puff are better buisness men then Pac was. You must be a Pac stanley. If Pac was up on buisness he wouldn't have signed that terrible contract.
Originalgangsta317
Banned
yep he could, he would lend from a big bank goldman sachs or a jp morgan and pay them back in the way of stock more than likely
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What Does it Mean to File for Bankruptcy in Bad Faith?
If you file for bankruptcy "in bad faith", your case can be dismissed and you can face serious consequences.
Every bankruptcy case has an inherent good faith filing requirement. In general, when a case is considered to be filed in bad faith, it means that there was an abuse of the bankruptcy system. Read on to learn more about what can constitute a bad faith bankruptcy filing.
What Is a Bad Faith Bankruptcy Filing?
If the totality of the circumstances surrounding a bankruptcy indicates an abuse of the system, the filing will be deemed to be in bad faith. If you file for bankruptcy simply to delay creditors, misrepresent or omit information on your petition, or otherwise try to take advantage of the bankruptcy system, the court may find your filing to be in bad faith.
A bad faith bankruptcy filing can have serious consequences (discussed below).
Filing for Bankruptcy in Bad Faith: What's It Mean? - AllLaw.com
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“Walt Disney had filed for bankruptcy before. Donald Trump has filed bankruptcy,” 50 Cent toldE! News on Tuesday while promoting his new movie, “Southpaw.” “It means you’re re-organising your finances. But it does stop things from moving forward that you don’t want moving forward.”
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"Bu bu bu this is a tactical business move"
Man I'd have so much damn fun if I was this bytches attorney
There are other incriminating quotes I won't even bother to look up.
A fukkin idiot this stupid, is this you nikka's hero?
If you file for bankruptcy "in bad faith", your case can be dismissed and you can face serious consequences.
Every bankruptcy case has an inherent good faith filing requirement. In general, when a case is considered to be filed in bad faith, it means that there was an abuse of the bankruptcy system. Read on to learn more about what can constitute a bad faith bankruptcy filing.
What Is a Bad Faith Bankruptcy Filing?
If the totality of the circumstances surrounding a bankruptcy indicates an abuse of the system, the filing will be deemed to be in bad faith. If you file for bankruptcy simply to delay creditors, misrepresent or omit information on your petition, or otherwise try to take advantage of the bankruptcy system, the court may find your filing to be in bad faith.
A bad faith bankruptcy filing can have serious consequences (discussed below).
Filing for Bankruptcy in Bad Faith: What's It Mean? - AllLaw.com
=====
“Walt Disney had filed for bankruptcy before. Donald Trump has filed bankruptcy,” 50 Cent toldE! News on Tuesday while promoting his new movie, “Southpaw.” “It means you’re re-organising your finances. But it does stop things from moving forward that you don’t want moving forward.”
====
"Bu bu bu this is a tactical business move"
Man I'd have so much damn fun if I was this bytches attorney
There are other incriminating quotes I won't even bother to look up.
A fukkin idiot this stupid, is this you nikka's hero?
The Devil's Advocate
Call me Dad
ok lets dial it back
dude said he couldn't imagine how someone worth 200 mil was broke so fast
i said pay no attention to worth, because it's a made up number.... as we can see by 50 being worth 150 just 2 months ago..... that doesn't mean you have it in liquid
i made an example of gates being WORTH 60 bil, but probably couldn't get 30 bil in CASH, by next week
that was my only point.... again... not trying to say he couldn't get it... but like 50... just because a number is attached to worth... doesn't mean you have that exact number laying in a bank account somewhere... it just means if you liquidated it all, that's how much you are worth
