Filed - Supreme Court of Texas
Filed - Supreme Court of Texas
Filed - Supreme Court of Texas
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6/10/11 - 7/8/11<br />
7/9/11-8/10/11<br />
8/11/11- 9/9/11<br />
9/10/11 -10/7/11<br />
TOTAL<br />
$28,859.43<br />
$25,402.94<br />
$14.870.37<br />
$24,469.83<br />
$391,206.70<br />
The <strong>Court</strong> further finds the average deposit per month made during this time period<br />
was $26,080.45. The <strong>Court</strong> finds that the McCulloughs have sufficient demonstrated<br />
earning capacity to pay for their living expenses and to maintain a very comfortable<br />
standard <strong>of</strong> living. The <strong>Court</strong> finds that the McCulloughs will not have to invade their<br />
earnings to post an additional $209,000.00 in security.<br />
25. The <strong>Court</strong> finds that the McCulloughs have the ability to borrow money to<br />
pay towards an additional $209,000.00 in security. Robert McCullough testified that he<br />
has a line <strong>of</strong> credit loan with $44,000.00 in available credit. McCullough also testified<br />
that he could borrow against his 401K retirement plan. Robert McCullough testified<br />
that he has made no effort to borrow money to post security for the Judgment in this<br />
case.<br />
26. The <strong>Court</strong> has considered the economic impact the McCullough's will<br />
experience if required to use their cash and other assets and available credit to pay an<br />
additional $209,000.00 in security. The <strong>Court</strong> fmds that, considering all fuhds and loans<br />
that are available to the McCulloughs, posting an additional $209,000.00 in security will<br />
leave the McCulloughs with two homes, three cars, all <strong>of</strong> their personal effects and<br />
jewelry, more than half <strong>of</strong> their retirement accounts and funds for litigation expenses<br />
and substantial income to pay for living expenses and to maintain the McCullough's<br />
standard <strong>of</strong> living.<br />
The <strong>Court</strong> notes that during 2011, the McCulloughs gifted<br />
ORDER. ON SUPERSEDEAS BOND - PAOE 7<br />
337