JD didn't have an interest in FORE so far as we are aware (owned solely by FD).
I've been wondering what would happen if GF won the civil action, FD didn't have the cash to pay and GF said she wouldn't settle for FORE assets (hard to value in a bad real estate market and pain to deal with in general due to time and cost to sell). The part of this case that I have to go back and look at is what
@gitana1 was talking about last week or week before regarding GF returning to the civil court and increasing the amount of her claim amount as if I recall correctly there was some ability of the court to give protection to GF that the assets of FORE would be sufficient to cover her claim if she prevailed in the litigation. My explanation of this is probably incorrect but the court gave some protection to GF in one of the last motions if I recall correctly.
What might trigger the appointment of a receiver by the State to deal with the assets of FORE? Or, could the trade claims trigger the appointment of a receiver to settle their claims?
Or, would FD put FORE into bankruptcy in advance of all this happening to protect at least something of the assets? Bankruptcy is a tricky legal beast and my guess is that FD might want to avoid it due to discloure requirements that he seems to find troubling. But perhaps bankruptcy might be his only option if he think receivership will sell the assets for cents on the dollar? IDK. Roll the dice!
Hard to say but my guess is that none of this is impossible. Curious what the legal folks think is the most likely course of action for GF here or how FD might respond in advance of civil suit trial.
