creative financing

Ian Murray seamus2001 at home.com
Wed Apr 18 22:55:08 PDT 2001



> I'm an attorney. This is not legal advice, since we are discussing a purely
> hypotheical situation, as you emphasize. Now, exploring the dynamics of our
> political-financal system is fine. But anyone who thinks it might be a good
> idea to get out of student or other loans undischargeable in bankruptcy by
> running up (dischargeable) credit card bills he has no intention of paying,
> and then strategically declaring bankruptcy, ought to make a careful study
> of the federal sentencing guidelines. There is no parole in the federal
> system, I should add, and bankruptcy fraud is also a federal crime. You
> really don't want to try to present the analysis you suggest to the US
> Attorney or to a federal jury. It's not a defense to fraud. It's a ticket to
> prison. Don't commit federal crimes, it's a really bad idea.
>
> --jks
**********

Yeah, the Feds hate competition.

Ian



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