4.8 • 2.3K Ratings
🗓️ 19 July 2021
⏱️ 40 minutes
🧾️ Download transcript
This is the second episode in our two-part Girardi update. In this episode, we discuss how Tom was forced into bankruptcy, explain the differences between a Chapter 7 and Chapter 11 bankruptcy, discuss whether Erika can hold onto her assets by claiming they are gifts, and discuss notable filings from both bankruptcies that may lead to evidence of retrievable assets.
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0:00.0 | picture this static cars idling engines angry horns now picture you zooming |
0:12.0 | past it all light and breezy the sweet feeling of whizzing past traffic book |
0:21.0 | your train journey via a vantewescoast.co.uk a vantewescoast feel good travel |
0:32.7 | in reality television the people are represented by two separate but equally obsessed attorneys |
0:38.9 | this is their podcast |
0:51.0 | hi i'm sessie and i'm angela and this is the bravo docket welcome back to our |
0:56.0 | derardy two-part episode so we just finished the episode discussing how we got to where we are today |
1:04.0 | and today we'll be discussing what is going on now with the bankruptcy proceedings against Tom. |
1:12.0 | yes and it's again a lot and we're gonna do our best to kind of start at a high level |
1:19.0 | and then kind of funnel down into more of the details. so what is a chapter seven bankruptcy |
1:27.0 | what is an involuntary bankruptcy. okay so in this case the bankruptcy that was filed against Tom |
1:36.0 | personally which is the one we're going to start with was an involuntary bankruptcy |
1:40.0 | and that is when a petition is filed in a bankruptcy court by a creditor |
1:46.0 | and it's a creditor that's holding a non contingent undisputed debt. so like we were talking about in our previous episode |
1:53.0 | about the regoma's case and how a judgment was entered for a specific debt |
1:58.0 | that was entered in that case by a judge saying yes this debt is owed that's a judgment. |
2:04.0 | sessie is going to talk about in a minute who the actual people were that filed the involuntary bankruptcy against Tom personally |
2:11.0 | but essentially what happened was there were creditors with specific debts that aren't contingent upon something else |
2:17.0 | they filed that in the bankruptcy court saying we need the bankruptcy court to kind of take over. so it's basically like |
2:23.0 | almost like going to mom and dad and saying mom you know Johnny isn't paying me and then mom |
2:31.0 | who has could take control over your brother's accounts can just say okay what's going on here |
2:38.0 | John Johnny tell me exactly where all of the why you haven't paid your brother and how much money you have |
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