Chapter 7 – Court Ruling:
- The Principal who filed Chapter 7 could not discharge the debt.
- Debtor was liable on the tortious interference claim and his actions were willful and malicious.
- Filing Chapter 7 Bankruptcy is not set up for those who deceive others and when they are caught, they want to walk away from the “punishment”.
Honesty is the best policy when filing bankruptcy. I am a board certified bankruptcy lawyer. I advise all of my clients that Chapter 7 Bankruptcy is not set up to afford anyone the opportunity to deceive a creditor by willful and malicious acts.