Posted by What's the point?, a resident of the Adobe-Meadows neighborhood, on Apr 19, 2012 at 11:04 am

If he's deeply in debt, what's the point of suing him?

Posted by Dan, a resident of the Southgate neighborhood, on Apr 19, 2012 at 4:41 pm

Let's say he's got $10M in assets and $20M in liabilities. He declares bankruptcy and his creditors get paid off at 50%. Now, suppose his kids win the suit and are awarded $20M, half the new total of his liabilities. They collect $5M (1/2 his assets) and his creditors get the rest, now 25% of what they're owed.

Posted by moi, a resident of Another Palo Alto neighborhood, on Apr 19, 2012 at 8:01 pm

The children: Are they minors?

This is very strange.

Posted by Answers, a member of the Palo Alto High School community, on Apr 19, 2012 at 9:23 pm

From a PA Online article:

"The three grown children of a Woodside man charged with murdering his wife for insurance money believe she survived for some period of time after he 'willfully and maliciously' shot her twice in the head, according to a wrongful death suit filed on their behalf. . . Parima Parineh was raised in Tehran, Iran and moved to the United States when she was 22. She was an artist working in multiple media."

Web Link

He didn't realize this country cherishes the life of women. . .

Posted by KarmaBaby, a resident of East Palo Alto, on May 10, 2013 at 2:46 pm

The only money is the insurance policy. Pooroushasb stole money from his brother and during that time his wife tried to kill herself once already, ...he was desperate already. He may be nuts and he very well might have or might not have killed Parima, but those kids had the same motive that their father did and in their sick way, they tell themselves they truly loved Parima when all they ever loved was money. They are all nasty pieces of work, Their dad will get the blame and they won't get any money. I have known both Pooroushasb and his brother for the last 25 years. His brother is a good man with a wonderful family while Pooroushasb and his whole family are all screwed up. BAD screwed up! Khashayer is a nasty one and who loved guns as much as his father and then there is his older brother, a lawyer who is too dumb to see that the insurance money will be eaten by the debtors and like all liars, they have already been caught. Their sister is a tool for the brothers that she will do and say what ever they want. So much drama there that you could make a movie.