stevefan1999 2 hours ago

So you mean...marrying someone but transfer all the personal debt to the others, then divorcing so that I have no responsibility whatsoever? Not even an obligation to settle for the debt just like disappeared through an expired relationship?

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nashashmi an hour ago | parent | next [-]

Is there a legal term for this kind of restructuring of debt?

	▲	stevefan1999 an hour ago \| parent \| next [-]
		I vibe asked it on Kagi Assistant and it said the closet relevant result is https://en.wikipedia.org/wiki/Texas_two-step_bankruptcy To me it seems more like leveraged buyouts + debt restructuring all at once. I rather coin this term "debt offloading", which could also cover the cases with Enron for the tactics they used about 25 years ago
	▲	svpernatvral an hour ago \| parent \| prev \| next [-]
		Scamming the state through private debt emission.
	▲	Ozzie_osman an hour ago \| parent \| prev [-]
		"Private Equity"

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BigTuna 2 hours ago | parent | prev [-]

Welcome to late stage capitalism

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chatmasta an hour ago | parent [-]

This is early 1990s capitalism.

	▲	BigTuna 40 minutes ago \| parent [-]
		1980s even. It takes a while to siphon off all the value built up by multiple generations.