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Reply to "Oberlin College ordered to post $36 million bond to delay Gibson’s Bakery collection of Judgment"
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[quote=Anonymous]As one who regularly collects judgments for clients I would obverse that most lawyers have no idea how to collect a judgment. They can get judgments but they have no idea how to get to the money. In the Oberlin case, there are three sets of assets. Current assets like their operating bank account, their real estate & personal property and the endowment. The endowment is the most likely target. Now the endowment in held in various assets, there may be some difficulty in liquidating thr assets. Further Oberlin is going to have a problem because they say only a small amount is unrestricted, nut a significant portion is board restricted which the court will disregard. From their website the investments are invested in a general investment pool. So it really doesn't matter about being restricted, money is fungible and the plaintiffs can take their cash and ley Oberlin worry about the accounting[/quote]
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