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Part of the challenge of fining someone is, to fine them in such a way that it is painful, and achievable. Fining someone 100million for 1 million in trading w
by sithlord 5y ago
Part of the challenge of fining someone is, to fine them in such a way that it is painful, and achievable. Fining someone 100million for 1 million in trading would be a punishment that no one would be able to pay back. Also, would just immediately invoke a chapter 13 bankruptcy, which I think, would discharge these. So basically you would just be issuing public bankruptcy with such extreme amounts.
- endisneigh 5y agofraud penalties are not dischargeable. I'm not sure if this sort of penalty is a "fraud penalty," but you could structure a fine where it's with you for life.