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Brett  
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 More options Oct 19 1997, 3:00 am
Newsgroups: alt.religion.scientology
From: bret...@earthlink.net (Brett)
Date: 1997/10/19
Subject: Re: driven into bankruptcy

Hell, just move to Texas or Florida where you can shovel as many bucks
as you have into a personal residence be it a humble $50k or $500k or
more. Do is soon 'cus the congresscritters are thinking of eliminating
this massive loophole at the urgings of very generous bankers.

thb45

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Bernie  
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 More options Oct 19 1997, 3:00 am
Newsgroups: alt.religion.scientology
From: b...@arcadis.be (Bernie)
Date: 1997/10/19
Subject: Re: driven into bankruptcy

bret...@earthlink.net (Brett) wrote in article
<34497da7.18817...@news.earthlink.net>
(alt.religion.scientology):

>>The big thing to remember about delcaring bankruptcy (even if it is dismissed
>>later) is that it automatically stays all economic litigation. The cult could
>>fight the stay, but that would certainly be expensive for them and I think
>>the bankruptcy judge might be slightly more sympathetic than Hon. Ron.

        Isn't there in the U. States such a thing as a false
bankruptcy law? i.e. when you falsely declare yourself in
bankruptcy or bankrupt yourself  in order to avoid paying off
your debts? In Europe I think you can be penalized for it.

Bernie


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Dave Bird---St Hippo of Augustine  
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 More options Oct 20 1997, 3:00 am
Newsgroups: alt.religion.scientology, misc.legal
From: Dave Bird---St Hippo of Augustine <d...@xemu.demon.co.uk>
Date: 1997/10/20
Subject: Re: driven into bankruptcy

In <3484883d.87313...@snews.zippo.com>, Bernie <b...@arcadis.be> writes:

>(Brett) wrote in art<34497da7.18817...@news.earthlink.net>:

Barnie! you shitehaded piece of wank! I scream at you thirty thousand
times because you have not attributed each leayer of chevrons, which is
of course much more important than the content! [Well, that's how you
behave if others doesn't attribute every layer of chevrons properly].

>>>The big thing to remember about delcaring bankruptcy (even if it is dismissed
>>>later) is that it automatically stays all economic litigation. The cult could
>>>fight the stay, but that would certainly be expensive for them and I think
>>>the bankruptcy judge might be slightly more sympathetic than Hon. Ron.

>       Isn't there in the U. States such a thing as a false
>bankruptcy law? i.e. when you falsely declare yourself in
>bankruptcy or bankrupt yourself  in order to avoid paying off
>your debts? In Europe I think you can be penalized for it.

So what?  It only applies if you do those things.  Don't lie to get
the bankruptcy and you haven't falsely declared.  Don't break the rules
on transfer of funds -- as set out in writing in the statute -- and
you haven't deceitfully contrived the bankruptcy to avoid debt.

Earlier in this thread it was implied that your private residence
is not seized to pay debts, so some folk move into a larger residence
to safeguard part of their capital against seizure.  No doubt there
are rules how close before a bankruptcy, and to what maximum amount,
it can be done:  if you read and stick to those rules then it is
lawful.  If you exceed them then not.

I wonder about "staying economic litigation."  I would have
thought you might be held liable for some civil wrong and the
plaintiff would then join the queue of creditors to get paid.  
If a civil suit against a bankrupt is suspended,
does it get revived when they discharge their bankruptcy?

Certainly in England bankrupts lose standing to sue people in
economic matters.  Curiously, they still have a reputation, and
can continue--or AFAIK bring--a suit for libel.

                                            |~/           |~/
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P |      Woof Woof, Glug Glug               ||____________||      0  | P
O |   Who Drowned the Judge's Dog?          | . . . . . . . '----. 0 | O
O |         answers on                  *---|_______________  @__o0  | O
L |{a href="news:alt.religion.scientology"}{/a}_____________|/_______| L
and{a href="http://www.xemu.demon.co.uk/clam/lynx/q0.html"}{/a}XemuSP4(:)


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