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View Diary: Judge's decision set aside, canceled, voided, avoided, discharged, nullified... but not forgotten (16 comments)

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  •  Bankruptcy judges operate within a framework (2+ / 0-)
    Recommended by:
    Jane Lew, laker

    To discharge the debts, all kinds of conditions have to be met.  That is wholly distinct from giving any judge the power to wipe out debts for any reason.  

    So no, there's little fear that bankruptcy judges would wipe out the debts of their friends in a biased manner-- the friend would first have to declare bankruptcy for that to happen, and then all the rules and restrictions and requirements of bankruptcy would have to be met, or, like the Spinner decision, the bankruptcy is likely to be appealed by the unfairly treated creditors and the debts reinstated.

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