Thread 718417158

hello you absolute legends, today we will discuss my bankrupcty any %
Next run is divorce % and homeless %

who actually won? billy has to pay his lawyers 500k and this retard moved all of his assets into his wife's name (and this somehow protects them from creditors because australian lawa)

>>718417260
Billy won. Anything else is cope. Most judgments go uncollected. Any money Billy gets is a bonus.

>>718417260
Billy 100%

>>718417359
>>718417370
what's he collecting? he OWES 500k.

>>718417359
>>718417370
Sounds like billy boy lost desu

>>718417260
Karl won. He was allowed to sell his ownership in his youtube company and house to his wife so Billy couldn't take possession. After three years he can discharge the judgement even if he hasn't paid a dime on it.

Billy owes hundreds of thousands to his lawyers and had to remortgage his house to get a loan to continue the lawsuit. I'm a big Billy fan and have defended him and even bought his hot sauce but Karl outmaneuvered Billy and made him look like an amateur.

>>718417260
they both lost and thats a good thing

>>718417613
>Karl
don't you mean the "artist formerly known as karl"?

>>718417158 (OP)
If he does get a divorce, it’ll be strategic one. His chink wife seems to genuinely love him.

>>718417484
>he thinks his lawyers are actually charging him 500k
>he thinks Billy went into the suit trying to make money

Yikes.

>>718417745
>Cause of Bankruptcy: Bankruptcy
>"I went bankrupt because I just did ok?"

>>718417745
>defeat Karl, The Bankrupt
>"Billybart, forgive me"

>>718417158 (OP)
Karl Jobst looked disgusting--nipples protruding--in his grey shirt before The High Court. Very very disrespectful.

>>718417260
>billy has to pay his lawyers 500k
the Court told Jobst to pay Billy's lawyers though.
How did this cope spread of "since Karl can't pay, Billy has to pay" - no, if Karl can't pay, the debt stacks to his Bankruptcy notice

>>718417260
>who actually won?
Well:
>Karl lost $370,000
>Notch lost $300,000
>Karl's fans lost $200,000
>Billy lost $500,000
>Karl's lawyers got $650,000
>Billy's lawyers got $680,000
>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 (also owned by his wife)
Clearly the lawyers won.

>>718418087
>billy pays his lawyers
>upon winning karl is forced to pay billy the amount he spent on his lawyers
>karl can't pay
>billy doesn't get the money back that he spent
not that complicated bro

>>718417158 (OP)
I can't believe he honestly thinks he'll get away scot-free and not have to pay Billy anything just because he hid his Youtube account in his wife's name.

>>718418087
>the Court told Jobst to pay Billy's lawyers
No, they told him to pay Billy, for his fees. It's not:
>Karl -> Billy's lawyers
it's:
>Karl -> Billy -> Billy's lawyers
Karl owes Billy, Billy owes his lawyers. Karl not being able to pay Billy doesn't absolve Billy from paying his lawyers.

>>718418406
So any cent Karl makes going forward is seized by the Australian governement and forwarded to Billy. Essentially, Karl will be broke for the rest of his life, living off whatever allowance his wife decides to give him.

>>718418996
Billy paid his lawyers already. Karl needs to pay Billy back for the money he payed his lawyers.

They didn't take this case on for free.

>>718419108
He can earn up to around $70k kangaroo bucks a year after which half of every dollar goes to Billy, as long as his wages stay below that amount he won't have to pay Billy anything. Karl can also discharge the judgement after three years even if he hasn't paid a penny on it.

Karl won.

>>718418996
what if lawyers did it pro bono because it's such an open and shut case?

>>718417260
As with every civil case ever:
>One party is annoyed and broke
>The other party is annoyed and slightly less broke
>The lawyers are rich

>>718419108
>So any cent Karl makes going forward is seized by the Australian governement and forwarded to Billy.
Only past a certain threshold. I think it was if you make <$120k per year in Australia you owe nothing. And Karl is paid a salary from his company, owed by his wife, so he'll of course be making less than that.
>Karl will be broke for the rest of his life
Also it only last 3 years before bankruptcy absolves all debt, so even if his wages were garnished, no, it'd only be for 3 years.

>>718419263
so why don't kangaroos just take 500k loans, give it to their wife, then file for bankruptcy?

Aren't there screenshots of Karl basically claiming that he did all of that to avoid paying Billy? That can't be used against him?

>>718419193
But he can't, and bankruptcy let's him avoid it. So Billys shit out of luck.

>>718419478
It is.
Saying Billy isn't going to ask a Judge to overrule the Trustee due to attempt of debt avoidance and fraud is dumb.

>>718419427
Because the anon you're replying to is probably lying.

>>718419108
Not everyone. But he will have a handler on his ass now that will look over anything Karl spends and if it's necessary. Personal bankruptcy condemns you to live just a step above poverty level.

>>718419427
Because you'd have $500k in the bank, or $500k worth of assets which the bankruptcy trustee would sell off to settle your debt.

>>718419497
>just declare bankruptcy and get out of it
I doubt it's that simple plus he's going to have to pay for a great lawyer to get that kind of a deal.

There is no doubt that he'll end up paying far more than Billy did for this stupid shit.

>>718419497
>bankruptcy let's him avoid it
Let me guess, Karl told you so?

>>718419263
None of that fucking applies to court debts and fines. Who the fuck comes up with this fucking nonsense in your discord?

>60 year old manchild with history of flinging lawsuits at everyone for LE DEFAMATION and being friends with known cheaters and frauds and faking scores in MAME
>/v/ still pretends to support him just to be contrarian
predictabru

>>718419907
Karl is a bully, and nobody likes bullies.

>>718419907
Everyone already knows this, you were the last one to figure it out.

>>718419907
Karl is a leftist and thus I automatically will want the worst for him. Contrarianism has nothing to do with this.

>>718418182
lawyers always win

>>718417260
One side entered this fight as a known cheater and seem as villain abusive fraudulent lawsuits and left by proving that his lawsuit was legit, the other side made a 2 hour vídeo to explain how going bankrupt was actually a win for him, so you tell me

>>718419882
It is, and no lol you don't need a lawyer for bankruptcy. The government appointed a trustee which set this all up and handled the sale of his assets and auditing his financials.

>>718419768
>give it to their wife

>>718419356
So Billy can just sue Karl's (wife's) company and get his money that way.

>>718420329
He could've, but the statute of limitations are already up.

>>718420329
God that would be hilarious. Karl burning himself and his wife down in the process.

>>718420414
You're from Karl's discord aren't you?

>>718419893
>None of that fucking applies to court debts and fines.
Civil compensation in private cases aren't considered court debts or fines, only criminal cases are.

>>718419907
They are both pieces of shit. This is like watching two crackheads fight over a begging spot.

Billy is a creepy scumbag and Karl is a retard.

>>718420183
You sound just like Karl did with the lolsuit to begin with. It'll be an easy win for him and because ChatGPT said he'll win then he will.

>>718419972
Karl is a conceited ass, is what he is. I was on his side before the judgement, but his acting like a spoiled 5 year old has completely turned me against him.

>>718417260
It's two retards fighting.

>>718420535
>still repeats his made up nonsense
You truly are an absolute fucking retard.

>>718420414
>the statute of limitations are already up.
Objectively false. It's only been three months. Karl has years to pay his debt, which is vocally avoiding doing. That gives Billy plenty of time to go back to the judge and show how Karl is fraudulently hiding his money to avoid the ruling.

>>718420974
>which is vocally avoiding doing
This is my favorite thing. The lefty gloating about how he's gonna ignore the court. I'm told they love hearing that.

BUT HE USED MAME ON LE DONKEY KONG NOOOOOOOOOOOOOONOOOOOOOOOOO NOOOOOOOOOOOO THIS IS SO LE UNFAIR

>>718419907
They're both lolcows

>>718420974
I was talking about suing for defamation again.
>how Karl is fraudulently hiding his money to avoid the ruling.
He wouldn't be suing Karl, he'd be suing the bankruptcy trustee who authorized and approved his bankruptcy settlement.

imagine if Karl's wife fucking divorced him.
poor woman putting up with this gamer nonsense.

>billy sent karl jobst a cease and desist letter
>yfw all karl had to do was stop talking about billy and none of this wouldve happened

Imagine if Billy kamikazes himself a 2nd time by suing Karl's mail order bride.

>>718420804
>it's false because I don't like it

>>718420026
There's no rule saying you can't hate both. Personally, I want the worst for the both of them.