I knew we we’re heading for trouble when I had two co-workers file for bankruptcy, kept their homes, moved to new homes and rented or sold the other one at the same time they got their debts lifted......how can you allow a person to have two homes and a motor home,boat, 4wheelers, etc and still let them file bankruptcy?....its a mockery....
Agreed there. Most likely they hid the ownership of the “toys” and used the exemptions part of the BK law to shield their home. In Florida, I believe, you can shield your home from being taken in a Ch 7 BK even if your home is worth millions.