4 ms·
On a balance sheet? Sure. In a court? If you borrowed from Peter to pay Paul, knowing that Peter’s debt is discharged in bankruptcy and then you declare bankru
by owenmarshall 7y ago
On a balance sheet? Sure.
In a court? If you borrowed from Peter to pay Paul, knowing that Peter’s debt is discharged in bankruptcy and then you declare bankruptcy? I have a feeling a not too impressed bankruptcy judge will be entering a sizable judgement against you.
- gizmo686 7y agoThe issue is that you took out a load with the intent of declaring bankruptcy. You would be in just as much trouble even if you didn't use the money to pay back non dischargeable debt.