[MrMastodonFarm]

Originally Posted by Jacks

I used to work with trustees to recover assets in bankruptcy cases. From what I've seen you can't just have a bunch of money, claim bankruptcy and not have to pay a court judgement. The bankruptcy trustee will liquidate assets in order to pay your debts. I saw a lot of cases where people were allowed to keep their home but other assets were sold off, sometimes at auction. I suppose you could restructure debt or try and get your creditors to make a deal?