But this isn’t a loan. Federating together a large bond is a normal practice in the court system with high value bonds. All of the big bonding agencies are willing and able to do that kind of piece & part together a bond to distribute the risk.
Now, whether even that kind of distributed risk would work is another story. You don’t do anyone for this person unless he pays up front. His entire business strategy is to get someone else to do the work or front the resources for a venture, then fail to pay up followed by suing everyone to make it too painful to work with him. He just burns through business relationships because he’s nothing more than a leech that kills hosts that are foolish enough to touch his business operations in any way shape or form.
That’s valid, but even then, a $120m bond is less risk that 4x companies supplying $120m bonds. When the time comes to pay out and you need to get your collateral, if there is only $150m available to actually pay out, you get yours, vs having to split it multiple ways, or otherwise not getting a payout at all.
And that’s assuming you can get 4x companies to even throw in $120m. He is so unreliable that had to get an unlicensed company to even get that much, so I doubt he’s going to find 4x legit companies to team up.
But then again, requiring the full amount should still just be enforced. If no one wants to provide bond, thats his problem, not the court’s. I certainly don’t get to say “Well I can’t get bond” and get to have the amount lowered. If I say that, I just don’t get to appeal.
