I think I understand that but I am not sure. Last anyone looked, Rossi owned a number (6? 8?) Florida condos around the Miami area. Are you suggesting those had to be sold or heavily mortgaged to pay legal fees? Or are you thinking Rossi anticipated a countersuit and placed his property in the name of trusts and family members? Would that really work? What did I miss here?
One thought I had was the question of why Rossi is continuing his scam with the current scheduled demo. Why not hold on to what he has left and quit while he is somewhat ahead, if he is? Maybe he did spend himself silly with the lawsuit and he thinks he can make one more big score like IH before he goes riding into the sunset. Your thoughts on that, WW?
IIRC, the interplay between federal bankruptcy and Florida law essentially allows you to have your principal residence off-limits to creditors. Any competent attorney could have structured Rossi's Florida real estate holdings such that one residence was declared his primary residence, upon which he would have little or no debt, and all the other properties would be heavily encumbered, thereby providing little value to creditors. Additionally, Rossi could easily have moved a significant portion of his assets off-shore, essentially making them untraceable. Just consider what rich spouses do to hide assets before they get divorced.