Home Investment Infinite chapter debt bubble… – Funding Watch

Infinite chapter debt bubble… – Funding Watch

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Infinite chapter debt bubble… – Funding Watch

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  • The Supreme Court docket unanimously dominated {that a} girl couldn’t use safety below the U.S. chapter code to keep away from paying a debt that resulted from fraud by her accomplice.
  • The court docket stated that the California girl, Kate Bartenwerfer, owed the debt even when she didn’t know or couldn’t have recognized about her accomplice’s fraud.
  • The 9-0 ruling, written by Justice Amy Coney Barrett, underscored a Supreme Court docket resolution in 1885 which discovered that two companions in a New York wool firm have been chargeable for the debt because of the fraudulent claims of a 3rd accomplice despite the fact that they weren’t themselves “responsible of improper.”

www.cnbc.com/2023/02/22/supreme-court-rules-bankruptcy-no-shield-to-fraud-debt.html

h/t BoatSurfer600

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