Re: Newhizzle v Neverwin - dramabomb blog post
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Some lawyer should form a practice following the poker circuit and helping people do simple things like create promissory notes and security interests in collateral.
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So whizz can be out the $$$ and owe a smart lawyer thousands of dollars to boot? Sounds good.
Can't really see the neverwins signing over collateral. YMMV. They borrow because they don't post collateral.
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You are probably right. I've been around long enough now to not be shocked by this stuff like many in this thread. The thought does occur to me however that it is pretty amazing people giving such large loans to others don't appear to consider the possibility of making the debt legally enforceable. A few thousand sure. These are large unsecured loans between relative strangers. Does the thought of how I am gonna collect pop up at some point in even the sickest degen?
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