🚀 go-pugleaf

In article <2r834m$ghs@mojo.eng.umd.edu>,
Matthew T. Russotto <russotto@eng.umd.edu> wrote:
>}Words of wisdom spoken by a man who does not understand our legal system.

>}The proper response to a multi-million dollar law suit is to file for
>}chapter 13 or chapter 9? personal bankruptcy.

>}Federal bankruptcy statutes will allow you to protect your major assets,
>}such as home, work tools,  etc,etc,,,,  a certain percent of the debt
>}will be taken as valid and a payment schedule worked out but
>}our fore-fathers in an act of wisdom and social fore-thought decided
>}that debtors prisons were an anethema and created these statutes
>}to prevent this.

>Prison is no longer an option-- but those court judgements
>cannot typically be voided by bankruptcy.  The court would leave me
>enough to rent a place, hold on to a car, and eat, but all my
>discretionary income would go to pay out that multi-million dollar
>debt.


Is that another piece of russuto wisdom,  or have you bothered
reading a law book.

I would be amused if you can come up with a citation that actually
shows a court judgement that cannot be "crammed down" by a
bankruptcy order.  

I know you have this amusing world view,  but  it just isn't supported
by the facts.  

thank you.

pat


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