[nathanvanfleet]

Just a regular guy with assets somewhere between 50 and 100 million dollars.

[dang]

Please don't post unsubstantive comments here, regardless of how many millions someone has or you feel they have. This sort of comment is an internet trope that leads nowhere interesting.

https://news.ycombinator.com/newsguidelines.html

[loeg]

Between -79 and -129 million dollars, really.

[jgalt212]

well, multiples of that before this settlement was announced.

[loeg]

No, those are pre-settlement. He's now insolvent. The article touches on this at the end.

[ethanwillis]

Not if he bought a mansion in Florida early on.

[edoceo]

Soon be underwater on that too :/

[Buge]

That's an asset, right? So it would be part of the $50-100M

[yebyen]

Not in Florida, https://www.alperlaw.com/florida-asset-protection/

[toomuchtodo]

Primary residence in Florida is shielded from bankruptcy and creditors. Also retirement accounts (both IRAs and 401ks). Lease your expensive ride and you’re mostly judgement proof.

[caf]

Can you shield additional liquid assets by installing solid gold toilets in your Florida mansion?

[ndesaulniers]

Now I'm wondering if people retire in Florida to avoid retirement accounts and residences from being reclaimed during bankruptcy. Sounds like a great recipe for scam artists, TBH.

[mwerty]

What happens if you sell it, say, a year after filing for bankruptcy? Can you keep the cash?

[jgalt212]

You do realize he has very strong incentives to understate his net worth now.

[loeg]

So what? Bankruptcy courts weren't born yesterday; I'm sure they're familiar with that problem. And Google has reasonably strong incentives to collect as much of that $180M as they can, too.

[jgalt212]

everything you said is true, but it's much easier to hide assets than to hide debts.