David Kastrup writes: > I think if you _don't_ declare personal bankruptcy, prison is actually an > option of the courts (if the readily accessible belongings can't cover > your debts).
I don't think it is here. I believe that the creditors can file a petition for involuntary bankruptcy (one does not declare bankruptcy: one petitions a court for it). I think that if you attempt to ignore the whole affair the creditors will just get court orders allowing them to seize your property and divide it among themselves. It would be dumb thing to do because you would end up worse off than if you had filed a voluntary petition but I don't think you could end up in prison. Of course, if you tried to conceal assets you could end up in prison for fraud, but that's a different matter. In practice no one with enough assets to be worth fighting over would do such a thing anyway. -- John Hasler [EMAIL PROTECTED] Dancing Horse Hill Elmwood, WI USA _______________________________________________ gnu-misc-discuss mailing list [email protected] http://lists.gnu.org/mailman/listinfo/gnu-misc-discuss
