>>717852916
The sum total (in AUD) of the outcome is:
>Karl lost $224,000
>Billy lost $500,000
>Karl's lawyers got $650,000
>Billy's lawyers got $680,000
And to achieve this:
>Karl sold the equity he owned in his house to his wife, sold his shares in his company to his wife, and declared bankruptcy
>Billy took out a second mortgage on his house