On countless occasions, the Supreme Court has proclaimed the longstanding axiom that the bankruptcy process is for “honest debtors” only; wrongdoers should never be allowed refuge within the confines of the nation's insolvency law.
Score One for the Good Guys
On countless occasions, the Supreme Court has proclaimed the longstanding axiom that the bankruptcy process is for "honest debtors" only; wrongdoers should never be allowed refuge within the confines of the nation's insolvency law. Often overlooked is the fact that the automatic stay, 11 U.S.C. ' 362(a), a linchpin of modern bankruptcy practice, was likewise carefully constructed so as to not provide a safe harbor for malefactors.
By
Anthony Michael Sabino
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