Peter Clark wrote:
On Wed, 24 Mar 2004 13:24:58 GMT, Kevin wrote:


Peter Clark wrote:

On Tue, 23 Mar 2004 16:19:03 -0500, Andrew Gideon
wrote:



Cub Driver wrote:



Furthermore, AOPA has not been
injured by this suit, so they will not be able to file a countersuit
(though they could certainly support the pilots financially if they decide
to do so).

According to AOPA Pilot, they have indeed made "a substantial
contribution" to defense costs.

Yet the pilots still had to sell their aircraft?


They don't have the benefit of their lawyers doing everything for
free.


This is the very reason all of my assets are owned by a Revocable
Living Trust . Bullet proof protection of assets .


How would a living trust prevent someone from needing to pay legal
bills incurred defending themselves from a suit brought against them?
The Stop The Noise group is headed by a lawyer who is doing all their
work for free. The pilots have to pay their defense bills.

If all your assets were untouchable you would have no need to spend money
defending yourself. Let them get a default judgment. If you have no
assets in
your name and legally own nothing they can never collect.

I was once a manager with a national wholesale finance company (
floorplanning ). We had a dealer take us for $250K because all of his
personal assets were protected by his trust. We spent about $200K in
legal fees and collected nothing.