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.
What happens if you sell it, say, a year after filing for bankruptcy? Can you keep the cash?
No. There is some nuance, but the proceeds must be used in a reasonable amount of time to purchase another protected primary residence.
> Turns out, people are legally allowed to drive while being really shitty drivers The UK actually has a law against this, see "Causing Death by Careless or Inconsiderate Driving (Section 2B of the Road Traffic Act 1988, amended by the Road Safety Act 2006, s. 20)" here: http://www.brake.org.uk/news/15-facts-a-resources/facts/497-... It means you can be prosecuted for causing a death in a moment of inattention. It's…
If your momentary negligence can end life, might I suggest being very careful?
Absolutely. However humans are simply not built to be incredibly careful for minutes on end, day after day. One hopes self-driving cars will never let their guard down.
>nobody was held liable and in fact no charges were pressed and no civil lawsuits were filed As noted below Uber settled (that typically means their insurer settled) so there is no need for a civil lawsuit. That is efficiency of the system and how the system is supposed to work. In other words you only bring a suit against the insured if the insurer wrongfully denies your claim, here the insurer paid up, so there is…
| obviously you can't suspend the DL of a self-driving car or a car company Why not? They have to have some kind of license to operate, right? Even if it's not labelled "driver's license". If their vehicles are going around running people over, revoke whatever license it is that they have until they get it fixed.
As I said right before the statement you quoted:
>so perhaps these states that allow self-driving cars need to think about adopting traffic laws specific to self-driving cars and figure out who those tickets should go to and the proper punishment
>nobody was held liable and in fact no charges were pressed and no civil lawsuits were filed As noted below Uber settled (that typically means their insurer settled) so there is no need for a civil lawsuit. That is efficiency of the system and how the system is supposed to work. In other words you only bring a suit against the insured if the insurer wrongfully denies your claim, here the insurer paid up, so there is…
> obviously you can't suspend the DL of a self-driving car or a car company Why not? This (suspending permission to operate on public roads) seems like a perfectly reasonable response to a self-driving car company being negligent.
As I replied to the first comment asking the same thing, the sentence preceding the statement you quoted explains what needs to be done:
>so perhaps these states that allow self-driving cars need to think about adopting traffic laws specific to self-driving cars and figure out who those tickets should go to and the proper punishment
Police can't just make up traffic violations that don't currently exist and Courts can't begin dishing out punishments that don't exist for violations that don't exist.
It's been amusing to hear his story. Starting a church/religion was my favorite part. I bet Google and a bunch of other companies are excited about the message this sends to other arrogant engineers who might be considering leaving and building new companies with ideas developed at their prior places of employment. That precedent is worth billions if not trillions.
Anthony brought self driving tech to Google, and that's why we have Waymo. Him leaving was an actual competitive threat to them. Look at Don Burnette and others who have since left. Google doesn't give a shit about them and they have AV companies that have raised millions of dollars.
You really think a person so invested in IP threft would be spending enough time to do engineering work?...
Levandowski just filed for bankruptcy saying he has less than $100M in assets . Does anyone know if he will only pay a percentage or is only delaying this by kicking the can down the road to another court ? I would be highly surprised if his employer (Uber) shouldered any of the this
Prob gets some relief and payment gets restructured. You can’t just sit on 100 mill and declare bankruptcy and go Scott Free.
No but creditors would be able to seize assets from this. Bankruptcy (most commonly Chapter 7 or Chapter 11) allow for protections of certain personal property, such as one's house. But the rest of your assets will essentially be vaporized by creditors: This is the whole point of bankruptcy protection. You don't have enough to pay so-and-so and you fear you will never have enough, or that the debt load is so great, you will never be able to pay the debt. So you file bankruptcy, give everything you DO have to creditors, and by law will be able to at least retain assets like a primary house, or at least it will buy time to stop foreclosure and repossession by a creditor (like a bank or other lender). But even then, if you still can't later on afford to get current on the home with on-going income, you would eventually lose the house, too.
Sure, but I'm sure some prosecutor took a look at it and decided it wasn't worthwhile. People get killed in accidents all the time, and frequently nobody gets charged with anything. A person being killed in a car accident while jaywalking at night because the driver wasn't paying attention particularly well is a story as old as cars, and usually doesn't result in jail time. Turns out, people are legally allowed to dr…
> Turns out, people are legally allowed to drive while being really shitty drivers The UK actually has a law against this, see "Causing Death by Careless or Inconsiderate Driving (Section 2B of the Road Traffic Act 1988, amended by the Road Safety Act 2006, s. 20)" here: http://www.brake.org.uk/news/15-facts-a-resources/facts/497-... It means you can be prosecuted for causing a death in a moment of inattention. It's…
It’s illegal to run people over by accident in the US too (if it was feasibly avoidable). The parent’s point was that prosecutors usually exercise their discretion not to charge them.
I obviously can do the math, but is there anyway this guy is not financially completely ruined now? I kinda always assume when you get into the 100M+ range, you can fuck up but still not go to zero (aka you have houses, cars, land etc that google can claw back)