Thank you, first of all, and very sincerely, for taking the time to read and respond to this post.
Let us say that an individual who has a very large sum of debt attributed to his name (in the form of revolving credits accounts, student loans, an auto loan, personal loans, and federal and state taxes) decides to file bankruptcy, with the intention of never working again. This individual has plans to commit to, for lack of a better term, a "religious life of service," similar to joining a monastery, and intends to extricate himself from the marketplace completely, never dealing directly with money again.
In such a scenario, is a full discharge of all debts--including those (i.e., student loans, taxes, and personal loans) that are not normally discharged under normal circumstances--ever granted, or even a legal possibility?
If a full discharge is not granted, meaning that the student loans, taxes, and personal loans are still considered active debts, what happens after the bankruptcy case is closed? If the individual keeps to his word and never does enter the marketplace again, living without any direct contact with money, what happens to those debts?
Please, serious replies only. This is not an exaggerated, purely hypothetical scenario. If you do not have an answer or a resource to direct me to, please do not respond.
Many sincere thanks!
Let us say that an individual who has a very large sum of debt attributed to his name (in the form of revolving credits accounts, student loans, an auto loan, personal loans, and federal and state taxes) decides to file bankruptcy, with the intention of never working again. This individual has plans to commit to, for lack of a better term, a "religious life of service," similar to joining a monastery, and intends to extricate himself from the marketplace completely, never dealing directly with money again.
In such a scenario, is a full discharge of all debts--including those (i.e., student loans, taxes, and personal loans) that are not normally discharged under normal circumstances--ever granted, or even a legal possibility?
If a full discharge is not granted, meaning that the student loans, taxes, and personal loans are still considered active debts, what happens after the bankruptcy case is closed? If the individual keeps to his word and never does enter the marketplace again, living without any direct contact with money, what happens to those debts?
Please, serious replies only. This is not an exaggerated, purely hypothetical scenario. If you do not have an answer or a resource to direct me to, please do not respond.
Many sincere thanks!
Comment