Creditors can now seek a portion of O.J. Simpson's assets after a $33.5 million judgment was awarded to the families of his ex-wife and her friend. The probate process will determine how his assets will be distributed.
Once the case is in court, creditors who say they are owed money can then seek a piece of the assetswithout having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend Ron Goldman.
Nevada law says an estate must go through the courts if its assets exceed $20,000, or if any real estate is involved, and this must be done within 30 days of the death. If a family fails to file documents, creditors themselves can begin the process.Once the case is in court, creditors who say they are owed money can then seek a piece of the assets. The Goldman and Brown families will be on at least equal footing with other creditors, and will probably have an even stronger claim.
He said his firm had a jury trial where their clients got a $9 million jury award that the debtor appealed and delayed endlessly.
O.J. Simpson Assets Creditors Judgment Probate Process Distribution
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