Antoine Walker facing felony charges. Possible prison time?

[nickagneta]

Actually he hasn't made any attempt to pay back the Casino. The $135,000 he paid was the bail to get him out of jail. After that, he hasn't paid anything. Suffice to say, if he didn't have to pay the bail to get out of jail, I'm not so sure he would have come up with even that.

You don't think he was making ANY effort to pay them back?  How do you know that?  The man has ZERO INCOME to give, nick.  He was trying to get back into Basketball and failed but he TRIED.  It's not like he said F-you to the courts or anything like that.  

And it's not the Casino that is impatient. It's the court and the District Attorney. He was probably given set dates to pay so much money by in order to fore go criminal charges. Since he hasn't met those deadlines, it is at the DA's and judge's discretion as to be patient or proceed with the criminal charges. The Casino has nothing to do with it.

So basically, the judge is going to throw the book at him.  He's going to get the full 12 years.  Just watch.   (And you know the reason why he'll get the max.  Hint : If Ben Rothelsberger was in Toine's place, he'd get Probation.)

At this point the people Antoine has to keep happy are the law in Nevada.

The Law in Nevada is going to throw him in Prison without a second thought and then go pat themselves on their corrupt backs on how they taught Toine a lesson.  

P, I'm not sure what he tried to do and didn't. But he owed $905,000. $135,000 that he put up as bail was set against the debt leaving $770,000 owed. He STILL OWES the whole $770,000.

It's been a year since he was released from jail and he hasn't sold one car or one piece of jewelry or one house to pay off the debt to erase what could be a debt that turns into criminal charges.

Instead after a year he filed bankruptcy. Now instead of being in control of who gets paid and who doesn't and what assets he gets to keep and what assets he doesn't get to keep, a bankruptcy court and judge will be in control of that.

He had control of the situation for a year and did nothing to show the court that he was going to pay the debt as it is still currently the same now as it was. The last thing you want to do to a judge is p!ss him off and by having assets of $4.7 million but not selling any to pay off a debt that you recklessly created by taking out markers is going to anger a judge.

He should now not expect any leniency because he has shown himself unwilling to take care of his responsibility. His skin color and celebrity have nothing to do with how many years he gets if he's convicted. What his sentence will hinge upon will be just how angry he got this judge by trying to muddy the waters by declaring bankruptcy after the judge was lenient enough to give him over a year to take care of a matter and he showed no effort to do so.

[PSquared]

Well if there was one big mistake he made, it was not declaring Bankruptcy IMMEDIATELY after the initial promise to the Judge was made.   


Who knows what's going to happen now(on june 30th, actually) but it would be pretty awful if Toine is sent up the river.

Considering that he has the assets(over 4 mill) needed to completely pay off the debt without a fuss, I think he MIGHT get Probation and be given a warning to proceed with the liquidation of his assets to pay off the casinos debt or there will be prison time.   Remember that the casino debt isn't the only debt he has.  I read he has over 14 mill total in debt toward creditors!!  This is only toward the casino.   If he manages to get out of this without being locked up, he'll still have other people(including his agent) breathing down his neck looking for their re-imbursment for whatever they're owed. 

All in all, Toine is in big trouble right now.

[clover]

I am not really sure what throwing him in prison so quickly after the incidents would do. Does that help him pay back the debt? Especially when he is attempting to make an NBA comeback and working out with Pitino, the casino's would seem to be in better shape if he was allowed to at least play professionally somewhere. Overall the story is just very sad. I wonder what his lifestyle has been since the gambling debts all smashed together. I also wonder how the filing of bankruptcy will help.

Sometimes the individual repaying their debt isn't the issue. The casino's might want to show people that they should not defraud them or they will be prosecuted. He would be a high profile warning.

While I am not a fan of prison for non-violent crimes, I am also not a fan of letting people defraud others.

okay fine. BUT HOW WILL THE CASINOS GET BACK THE MONEY OWED IF THE ONE IN DEBT IS INCARCERATED?

(excuse the Caps, by the way)

Casinos like all businesses write off bad debt all the time. This would be no different than anything else they encounter in a business sense.

More important to the casinos than the repayment of Toine's debt is that he be held accountable--considering that he's a public figure and everyone would be aware with his getting away with it if he did.  The very public precedent is the problem.

[nickagneta]

Well if there was one big mistake he made, it was not declaring Bankruptcy IMMEDIATELY after the initial promise to the Judge was made.  


Who knows what's going to happen now(on june 30th, actually) but it would be pretty awful if Toine is sent up the river.

Considering that he has the assets(over 4 mill) needed to completely pay off the debt without a fuss, I think he MIGHT get Probation and be given a warning to proceed with the liquidation of his assets to pay off the casinos debt or there will be prison time.   Remember that the casino debt isn't the only debt he has.  I read he has over 14 mill total in debt toward creditors!!  This is only toward the casino.   If he manages to get out of this without being locked up, he'll still have other people(including his agent) breathing down his neck looking for their re-imbursment for whatever they're owed.  

All in all, Toine is in big trouble right now.

Here's the problem. If the bankruptcy comes down to liquidation, the first creditors taken care of are banks owed mortgages. If there isn't enough to take care of all the first line of creditors(mortgage holders) they split the money evenly and everyone else gets nothing. If they are 100% taken care of, then what remains is split amongst the rest as a percentage of the total debt.

Now that he has declared bankruptcy, the debt owed the casinos has to stand in line with credit card creditors, auto loan creditors, personal loan without collateral creditors and so on. He screwed or may have screwed the casinos over by declaring bankruptcy but because it is a legal matter now, he can be held accountable another way, through criminal charges and jail time.

He should have sold off some assets and paid the casinos and then declared bankruptcy. I don't know what legal advice he got there but in my very limited legal opinion, that was stupid.