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No bankruptcy resolves the debt. Otherwise there would be no point in a bankruptcy process.
by ipaddr 2y ago
No bankruptcy resolves the debt. Otherwise there would be no point in a bankruptcy process.
- ceejayoz 2y agoNo, not necessarily, and not in this case. https://www.reuters.com/legal/alex-jones-cant-avoid-sandy-hook-verdicts-bankruptcy-judge-2023-10-19/ https://www.reuters.com/legal/alex-jones-cant-avoid-sandy-ho... > Conspiracy theorist Alex Jones cannot use his personal bankruptcy to escape paying at least $1.1 billion in defamation damages stemming from his repeated lies about the 2012 Sandy Hook elementary school massacre, a U.S. bankruptcy judge ruled Thursday. > Bankruptcy can be used to wipe out debts and legal judgments, but not if they result from "willful or malicious injury" caused by the debtor, according to a decision by U.S. Bankruptcy Judge Christopher Lopez in Houston, Texas. Bankruptcies have all sorts of exceptions like this for fraud, student loans, child support, unpaid taxes, etc.
- crazygringo 2y agoExactly. The intent of bankruptcy law is to benefit the economy by allowing people and corporations to take risks and start over. It's not to let them get away with defamation. So there's a line between healthy economic risk-taking (bankruptcy discharges) and bad behavior (bankruptcy doesn't affect that).
- dumah 2y agoFTX creditors would like to have a word with you.