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>he probably just transferred all his assets to foreign accounts. Wouldn't that be a crime, if done just prior to filing for bankruptcy? I don't know the US le
by ptaipale 10y ago
>he probably just transferred all his assets to foreign accounts.
Wouldn't that be a crime, if done just prior to filing for bankruptcy? I don't know the US legislation so well, but I would expect it to work that way.
(Over here (Finland), there is no personal bankruptcy in the same sense; debts stick even if debtor has no assets, though there is a sort-of-Chapter-13 arrangement with some expiry provisions in 15 years).