Amber Heard may have to declare bankruptcy if Depp wins
A legal expert has said he believes Amber Heard may have to file for bankruptcy if her ex-husband Johnny Depp wins his libel case against her.
Heard could be forced into bankruptcy if his net worth falls below the amount awarded to Depp if he wins his lawsuit. Depp sued Heard for $50 million.
“What if Johnny Depp wins this case for $50 million and Amber Heard doesn’t have $50 million?” lawyer Mark Breyer asked his followers on Instagram.
Breyer, an Arizona-based trial and personal injury attorney, discussed the potential verdict on his TikTok Accountt. Breyer shared his expertise on the lawsuit as the legal battle between the two exes continues in Fairfax, Va.
Responding to a question about the financial element of the lawsuit and how Heard would pay if she lost, Breyer explained that bankruptcy was a possible outcome for the Aquaman star.
“You can’t get blood from a turnip,” Breyer bluntly stated on his TikTok, which has garnered 432,000 views on the platform.
“That’s the reality. We don’t have debtors’ jails anymore,” he said. “So what’s going to happen is he [Depp] could go after all the money she had, she would probably file for bankruptcy, but some things would be protected in bankruptcy. But the reality is that’s the problem with laws where people aren’t required to have insurance.”
the Pirates of the Caribbean The 58-year-old actor sued his ex-wife Heard for defamation over an editorial published by The Washington Post in 2018, in which she said she was the victim of domestic violence. Although Heard did not name her ex-husband in the article, her legal team argued that it was obvious she was referring to him. Heard, meanwhile, countersued for $100 million for nuisance.
As of 2022, Celebrity Net Worth estimates that Depp has a net worth of $150 million while Heard is worth $2.5 million.
In another videoBreyer said that in theory, Heard and Depp could win their own lawsuits, but that’s unlikely.
“The jury could find that both sides defamed the other and that there was damage on both sides,” he said.
It was revealed in court this week that Heard had lost a potential income of $50 million due to the negative impact legal battles had on his career.
Entertainment industry expert Kathryn Arnold testified on Monday and estimated Heard had suffered $50 million in reputational damages and compared her career trajectory before the Depp controversy to that of stars like Gal Gadot and Zendaya.
Newsweek will be covering all the latest stories from the Fairfax County courtroom on our live blog.
Judge Penney Azcarate confirmed that jury deliberations will begin as soon as closing arguments end on May 27.