Amber Heard lawyer revealed Thursday that she is unable to pay Johnny Depp the $10.4 million she owes him, as sources told that the actress is “broke” due to high legal fees associated with the bombshell defamation trial.
“Oh, no, absolutely not,” Heard’s lawyer, Elaine Bredehoft, said when asked if the actress had the money to pay the large amount of money the jury ruled on Wednesday. So, if Amber Heard is really broke how can Depp claim his money? Continue to read the article to know about how Amber Heard can pay Depp despite being broke.
Sources claim that the 36-year-old actress is strapped for cash as a result of her high-profile legal battle with her ex-husband, one of whom also blamed Heard’s previous extravagant spending on travel, clothing, gifts, and wine.
“Aquaman” star, according to multiple sources, had to switch legal representation and is now relying on her homeowners insurance policy to pay for her current lawyers in the case.
According to reliable sources, The Travelers Companies have covered the majority of the cost of Heard’s attorney’s fees.
In the course of her trial in Fairfax, Virginia, Pamela Johnson, a vice president of the insurance company, was seen several times with so-called broke Amber Heard.
Defamation lawsuits frequently make use of homeowners insurance policies, according to legal experts.
“It’s a little oddity that most people don’t know. In most homeowner insurance policies, there is coverage if you are sued for defamation based on how much you pay through coverage,” Heather Heidelbaugh, a Pennsylvania trial attorney told.
However, most policies have a clause stating that judgment costs will not be covered, according to Virginia attorney Jeremiah Denton.
“The insurance company will keep in its back pocket the option of denying coverage at the end of the day — denying coverage means refusing to pay the plaintiff, in this case, Mr. Depp,” Denton said.
“A lot of insurance policies provide coverage for defamation but they have an exclusion in, which says ‘we will not cover any intentional wrongdoing,’ ” Denton said. “In order to win a defamation case against a public figure, you have to show intentional wrongdoing. Sometimes what it requires to get the judgment kicks you out of the policy that may pay for the judgment. “That’s the problem,” he said
As of Thursday, Sources put Amber Heard’s net worth before getting broke between $1.5 and $2.5 million. This is a far cry from what broke Amber Heard now owes Depp because of the jury’s decision.
There were multiple witnesses who testified that Heard might not have the money to pay her ex-husband during the six-week defamation trial.
During testimony, it was revealed that Amber Heard (before she was broke) was paid $1 million for the 2018 release of Aquaman and another $2 million for the sequel, which is scheduled for release in 2017. In that film, her role has been greatly diminished.
Witnesses testified that after Depp’s lawyer launched a smear campaign against Heard, she lost several brand endorsements, including one with L’Oreal.
Her promise to donate the $7 million she received from Depp in their 2016 divorce settlement to the ACLU and the Children’s Hospital of Los Angeles was also not kept.
Because of legal fees and other expenses, she said, the donations were postponed.
“We learned she was having financial difficulties,” a representative for the ACLU told jurors, according to a statement from the organization.
As of 2019, Depp is pursuing legal action against currently broke Amber Heard. Amber heard told jurors that she would love for him to stop suing her so that she could continue to make donations during her testimony and recover from being broke.
Experts told that Depp could still collect the money he was awarded by garnishing the wages of his former wife Amber heard upcoming films, levying her assets, or even seizing her house in Yucca Valley, California now that she’s broke.
$1 million is the asking price for the three-bedroom, three-bathroom desert home. By way of a private trust in the name of her accountant, Heard purchased the property for $570,000 in 2019.
“If she doesn’t have the money then his avenue, while she’s pursuing an appeal, is to try to execute on property she owns,” or her bank accounts, Virginia Appellate lawyer Steven Emmert said.
A summons for debtors interrogatories could be used to compel Amber Heard to appear in court so that Depp’s lawyer could question her about any assets she may have that they could use to seize and sell at auction to try to pay off and pay off their debts as she is currently broke. Depp could then serve Heard with the summons for debtors interrogatories.
Denton said that if Amber Heard (even though she’s broke) doesn’t turn over the judgment money, “[Depp] can institute collection proceedings so he can garnish [Heard’s] pay if she has a salary or wage-type income.”
“He can attach her assets which basically means seize them. He can get to her assets, sell them and take cash,” Denton said. For more such updates do follow us only on leedaily.com