Yes, and there is also such a thing as bankruptcy fraud, which is treated quite differently. This thread is about bank fraud: obtaining a bank loan with no intent to ever pay it back. Re-read the first post.
For example, In the U.S. any type of monetary fraud is non-dischargeable in bankruptcy. Even relatively minor types of fraud compared to bank fraud: concealing assets to avoid having to forfeit them; intentionally filing false or incomplete︀ forms; conveying assets after insolvency; etc.
As usual, people are not sticking to the topic︁ of the thread and are conflating vastly different issues. Fraud will be treated as fraud.︂ It has criminal consequences. This is entirely different than being judgment proof.
For example, In the U.S. any type of monetary fraud is non-dischargeable in bankruptcy. Even relatively minor types of fraud compared to bank fraud: concealing assets to avoid having to forfeit them; intentionally filing false or incomplete︀ forms; conveying assets after insolvency; etc.
As usual, people are not sticking to the topic︁ of the thread and are conflating vastly different issues. Fraud will be treated as fraud.︂ It has criminal consequences. This is entirely different than being judgment proof.
