What you’re suggesting would constitute bankruptcy fraud. What’s insane is how obvious it would be. It’s one thing to try to hide money in a complicated maze of offshore accounts, it’s another for a parent company to request bankruptcy protection, allow its subsidiaries to be liquidated while it keeps assets for itself, and creditors to receive small recoveries before the debt is discharged and the parent lives on with its assets in tact. Its so illegal on an elementary level it’s impossible to consider anyone would even try it.
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