My buddy is getting a divorce. Can the court seize half of his bitcoins?

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: picolo on July 11, 2014, 04:51:35 PM

Quote from: kuusj98 on July 09, 2014, 11:01:12 AM

Quote from: picolo on July 09, 2014, 10:56:09 AM

Quote from: kuusj98 on July 09, 2014, 10:42:26 AM

This idea is definantly a keeper, I mean, I hope I won't get divorced in my life buy may it happen I have a escape plan for all my money Tongue

You haven't read the messages in this thread, did you? Wink

In summary, if after the marriage has been irretrievably broken down you spend your money for things you didn't use to spend it for before it will be considered dissipation and you will owe 50% to your wife

I actually did, but the fact is that law's are not the same everywhere my friend Grin

You could always keep a sum secret for your family in the form of Bitcoins, so incase you lose your job or something you always have something to back up your needs

If you slowly stash cash or bitcoins and you do it very carefully, you should get away with it especially if you earn cash in your job

In order for this to potentially work you would need to be stashing cash for a long time as most people with any amount of money to be had in a divorce will generally have a lot of disposable income making their existing assets what a spouse would probably go after.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: kuusj98 on July 09, 2014, 11:01:12 AM

Quote from: picolo on July 09, 2014, 10:56:09 AM

Quote from: kuusj98 on July 09, 2014, 10:42:26 AM

This idea is definantly a keeper, I mean, I hope I won't get divorced in my life buy may it happen I have a escape plan for all my money Tongue

You haven't read the messages in this thread, did you? Wink

In summary, if after the marriage has been irretrievably broken down you spend your money for things you didn't use to spend it for before it will be considered dissipation and you will owe 50% to your wife

I actually did, but the fact is that law's are not the same everywhere my friend Grin

You could always keep a sum secret for your family in the form of Bitcoins, so incase you lose your job or something you always have something to back up your needs

If you slowly stash cash or bitcoins and you do it very carefully, you should get away with it especially if you earn cash in your job

kuusj98

hero member

Activity: 812

Merit: 1000

I <3 VW Beetles

Quote from: picolo on July 09, 2014, 10:56:09 AM

Quote from: kuusj98 on July 09, 2014, 10:42:26 AM

This idea is definantly a keeper, I mean, I hope I won't get divorced in my life buy may it happen I have a escape plan for all my money Tongue

You haven't read the messages in this thread, did you? Wink

In summary, if after the marriage has been irretrievably broken down you spend your money for things you didn't use to spend it for before it will be considered dissipation and you will owe 50% to your wife

I actually did, but the fact is that law's are not the same everywhere my friend Grin

You could always keep a sum secret for your family in the form of Bitcoins, so incase you lose your job or something you always have something to back up your needs

picolo

hero member

Activity: 1022

Merit: 500

Quote from: kuusj98 on July 09, 2014, 10:42:26 AM

This idea is definantly a keeper, I mean, I hope I won't get divorced in my life buy may it happen I have a escape plan for all my money Tongue

You haven't read the messages in this thread, did you? Wink

In summary, if after the marriage has been irretrievably broken down you spend your money for things you didn't use to spend it for before it will be considered dissipation and you will owe 50% to your wife

kuusj98

hero member

Activity: 812

Merit: 1000

I <3 VW Beetles

This idea is definantly a keeper, I mean, I hope I won't get divorced in my life buy may it happen I have a escape plan for all my money Tongue

picolo

hero member

Activity: 1022

Merit: 500

Quote from: DISTRO72 on July 06, 2014, 07:57:41 AM

Within a marriage he could have send them away.

So whats left (nothing) goes 50% to her and 50% to him.

If he played Bitcoin Dice its just: away.

If he played dice after the marriage was irretrievably broken down and he didn't use to gamble as much and regularly before it would be considered dissipation and he would have to reimburse half of what he lost to his wife

Quote from: globe-biz on July 06, 2014, 02:10:29 PM

She deserves to loose everything.Your money is safe dont worry

no

spazzdla

legendary

Activity: 1722

Merit: 1000

I highly doubt proving she is a cheating bitch will actually help.

Look what happend to Hulk Hogan... Bitch cheats on him with some 20 and then takes him for EVERYTHING.

Lesson here: If you have a penis be perpared for women to attempt to steal all of your cash and the cops to help them. Get a pre nub or never get married.

globe-biz

member

Activity: 162

Merit: 10

She deserves to loose everything.Your money is safe dont worry

DISTRO72

newbie

Activity: 4

Merit: 0

Within a marriage he could have send them away.

So whats left (nothing) goes 50% to her and 50% to him.

If he played Bitcoin Dice its just: away.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: luttelcoin on July 05, 2014, 08:20:09 PM

Hide it well enough and no can do...

If you read the previous posts you will understand it probably won't help you to hide it because it would be considered dissipation at best

luttelcoin

newbie

Activity: 42

Merit: 0

Hide it well enough and no can do...

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: CoinDiver on June 27, 2014, 01:24:36 PM

They can order it to be done. They can "force" him to give up his private key. But at some point he would have to comply, or they would be successful. Losing them (either really or pretend) is the only way to stop them. I imagine any "reasonable" (and I use that very loosely) government would have to prove he didn't lose them.

Saying that you lost your private keys is very much like saying that you have lost cash. It should be taken with a healthy dose of skepticism.

bigasic

hero member

Activity: 924

Merit: 1000

Also, if its a huge number of coins, maybe he should consider counseling and get back together,

adv.kanishk

member

Activity: 117

Merit: 10

The main thing which you friend should have done is to hire a private investigator and show that she is in an extra marital affair and show infedility. This way he wouldn't have to even pay 1/2 of his earnings (As per law in our country). Anyway....since bitcoin are not covered under any deifinition of asset, currency, securiy etc. your friend can state that it is a computer generated software having intrinsic value which is still in beta or testing phase. At end there are other ways as well......lolllzzzz

Regards
--
Kanishk Agarwal
Advocate
CriTaxCorp
Criminal-Taxation-Corporate
www.critaxcorp.com
+919971666252
+919999966252

Quote from: gabriella on December 03, 2013, 04:30:41 AM

my college roommate is now a successful executive. 3 months ago he found out his wife was fxxking a black guy behind his back and his 5-year-old daughter.

since then he has kept quiet and converted as much asset as possible to about 850 bitcoins.

he just sprung the divorce on his ex-wife and now her lawyer is arguing he must have much more money than he claims to be.

the judge ordered he must turn over all his assets to give one half to his ex-wife.

does the court have right of access to his bitcoin wallet?

CoinDiver

hero member

Activity: 778

Merit: 1002

They can order it to be done. They can "force" him to give up his private key. But at some point he would have to comply, or they would be successful. Losing them (either really or pretend) is the only way to stop them. I imagine any "reasonable" (and I use that very loosely) government would have to prove he didn't lose them.

film2240

legendary

Activity: 1022

Merit: 1000

Freelance videographer

Quote from: gabriella on December 03, 2013, 04:30:41 AM

my college roommate is now a successful executive. 3 months ago he found out his wife was fxxking a black guy behind his back and his 5-year-old daughter.

since then he has kept quiet and converted as much asset as possible to about 850 bitcoins.

he just sprung the divorce on his ex-wife and now her lawyer is arguing he must have much more money than he claims to be.

the judge ordered he must turn over all his assets to give one half to his ex-wife.

does the court have right of access to his bitcoin wallet?

I think that the court will try to say yes it can but that's assuming Bitcoins are classed as money from a legal point of view,which will be complex as different countries have different views on this.

In theory all you would have to do is just encrypt your wallet.dat file,that way if the computers,phones,tablets,etc get seized for investigation,your Bitcoins will still be safe as it'll require a key (plausible deniability would work well here if asked for the key.This won't work in UK as you can face 2 years in prison for refusing to surrender the password/key if requested).

I'm sorry to hear about what your friend went through.I hope that cheating ex-wife gets what she deserves (hint-nothing good anyway).

williamj2543

hero member

Activity: 588

Merit: 500

Get ready for PrimeDice Sig Campaign!

Just don't say the address that this money is being stored on and they will have no way of recovering it without the private key.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: ?? on ??

Quote from: TaunSew on June 26, 2014, 06:38:12 PM

I can't believe 9 pages of a fake divorce is still being bumped.

If it's the US - all divorces are public record, so before you continue to spam this thread at least verify it's a real divorce (99% chance it's not). As well the courts have dealt with billions of divorce cases going back to a hundred years, they know how to find out if someone was sneaking out funds before or following the divorce papers

There's been one guy on Bitcointalk who did convert all his money into BTC and fled for Latin America, don't recall his username but that was definitely a real story.

Well i think it is more of the what if sceneario then caring if it is a real thing or not. We all know it is fake.

Yes exactly, the topic is interesting anyway

Hiding money in crypto is not easier than hiding money in cash, it is probably even harder; once it is hide it is obviously way more convenient to move it around and you can enjoy the appreciation in value; Bitcoin is not great to cheat, it is great because the technology is useful

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: TaunSew on June 26, 2014, 06:38:12 PM

I can't believe 9 pages of a fake divorce is still being bumped.

If it's the US - all divorces are public record, so before you continue to spam this thread at least verify it's a real divorce (99% chance it's not). As well the courts have dealt with billions of divorce cases going back to a hundred years, they know how to find out if someone was sneaking out funds before or following the divorce papers

There's been one guy on Bitcointalk who did convert all his money into BTC and fled for Latin America, don't recall his username but that was definitely a real story.

Depends on how well you hide your assetts.......................................................

Think about it.

Been gone for a while due to health issues but everything is OK now.

Just kind of took a break from the madness of crypto!

TaunSew

hero member

Activity: 756

Merit: 506

I can't believe 9 pages of a fake divorce is still being bumped.

If it's the US - all divorces are public record, so before you continue to spam this thread at least verify it's a real divorce (99% chance it's not). As well the courts have dealt with billions of divorce cases going back to a hundred years, they know how to find out if someone was sneaking out funds before or following the divorce papers

There's been one guy on Bitcointalk who did convert all his money into BTC and fled for Latin America, don't recall his username but that was definitely a real story.

Topic: My buddy is getting a divorce. Can the court seize half of his bitcoins? (Read 14309 times)