Hunter Biden testified under oath that he possesses no assets, no car, and no savings [1].
The testimony comes as a law firm pursues a claim for $17 million [1] in unpaid legal services. The outcome of this dispute could clarify the financial standing of the former first son during a period of intense legal scrutiny.
During a deposition, Biden addressed his current financial state while facing the substantial bill [1], [3]. He said, "I have no assets, no car, no savings" [1]. The statements were made as part of the ongoing effort by the firm to recover the $17 million [1], [2].
Legal representatives for the firm are seeking to determine if Biden has the means to satisfy the debt or if the funds were diverted elsewhere. The deposition serves as a formal record of his financial claims, which may be scrutinized against previous financial disclosures or tax records.
Biden has faced various legal challenges over several years, leading to the accumulation of significant legal costs. This specific dispute centers on the failure to pay for services rendered by the firm [1], [2].
While the deposition provides a snapshot of his current claims, the court must now weigh this testimony against any evidence of assets held in trust or provided by third parties. The $17 million [1] figure represents one of the largest individual legal fee disputes involving a member of the Biden family.
“"I have no assets, no car, no savings."”
This testimony creates a legal record of indigence that may complicate the law firm's ability to collect the $17 million debt. If the court accepts that Biden has no assets, the firm may be unable to recover the funds regardless of the judgment. However, such claims often trigger deeper forensic accounting to determine if assets were transferred to avoid payment.
