Infinite bankruptcy debt bubble…

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infinite-bankruptcy-debt-bubble…

  • The Supreme Court unanimously ruled that a woman could not use protection under the U.S. bankruptcy code to avoid paying a debt that resulted from fraud by her partner.
  • The court said that the California woman, Kate Bartenwerfer, owed the debt even if she did not know or could not have known about her partner’s fraud.
  • The 9-0 ruling, written by Justice Amy Coney Barrett, underscored a Supreme Court decision in 1885 which found that two partners in a New York wool company were liable for the debt due to the fraudulent claims of a third partner even though they were not themselves “guilty of wrong.”

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

h/t BoatSurfer600

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