Quote:
Originally Posted by PayDatBotItsMeoney
Everyone here is a bonafide attorney apparently. Intent has nothing to do with it. IF he was found guilty and then assessed damages. THEN the attorney would have to file a motion to levy or get a judgment against MP. After that MP can file BK and remove any liability he has incurred. Tax debt is the only non forgivable debt when filing BK.
IF he owns no property he has no assets to liquidate by the BK accessor. Which means he will not have to spend a dime IF he is found guilty.
I think you could make a case that if Postle admits he cheated that a "cheating at cards" judgment is not dischargeable under the bolded exception. Intent has everything to do with it but I, unlike you, know what the **** I am talking about.
The U.S. Bankruptcy Code lists 21 different categories of debts that cannot be discharged. Perhaps the most common debts that cannot be discharged under any circumstances are child support and alimony. Other debts that cannot be discharged in bankruptcy include:
Unpaid withholding tax, Social Security tax, income taxes, and other back taxes or tax penalties
Mortgage debt
Debts incurred due to fraud, larceny, embezzlement, or “willful and reckless acts”.
Debt that doesn’t belong to you
New credit card debt incurred within 90 days before you filed for bankruptcy, as long as it teaches a certain threshold amount
Debt owed due to borrowing against certain retirement plans
Court fees