Amber Heard will not be able to file for bankruptcy. Her only hope now is a successful appeal.
It has been a terrible week for Amber Heard and it's only getting worse. She will now have to actually find a way to produce more than $8 million to pay her ex-husband Johnny Depp. According to the verdict, she is unable to file for bankruptcy to wipe away the charges...DOUBLE OUCH!!
The jury had ruled in favor of Depp and Heard was ordered to pay Depp $10 million in compensatory damages and $5 million in punitive damages. Luckily for Heard, Virginia only allows for $350,000 in punitive damages so the final amount was reduced by a few million. She also was awarded $2 million in her countersuit against Depp for press statements made by his lawyer. So, the amount she'll have to fork up is a little more than $8 million.
Still, Heard's net worth doesn't match up with the amount she owes. She has a reported net worth of $3.5 million so it's obvious she can't afford it. Bankruptcy would have been her savior but according to Los Angeles attorney Ronald Richards "The award is not dischargeable. Punitive damages are never deductible or dischargeable. Intentional torts like defamation are typically not dischargeable."
The only thing Heard can do now is attempt to appeal the verdict and get a reduced amount or overturn the verdict. But it's definitely going to be an uphill battle for the Aquaman actress.
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