Originally Posted by
FTaddict
Those who're saying its a crime/fraud or whatever, it is NOT. Lets be honest that there is a loophole in the system.
Bankruptcy fraud is very much a crime, once which the DOJ takes very seriously.
Even if one doesn't get nailed for full-on bankruptcy fraud, the sort of scheme discussed is a classic bad faith filing, which would get booted from court and the debtor wouldn't be able to obtain a discharge... FOREVER.