{"id":196002,"date":"2008-05-30T05:09:00","date_gmt":"2008-05-30T10:09:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/30\/bankruptcy-judge-rules-that-liar-loans-are-dischargeable\/"},"modified":"2008-05-30T05:09:00","modified_gmt":"2008-05-30T10:09:00","slug":"bankruptcy-judge-rules-that-liar-loans-are-dischargeable","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/30\/bankruptcy-judge-rules-that-liar-loans-are-dischargeable\/","title":{"rendered":"Bankruptcy Judge Rules that Liar Loans are Dischargeable"},"content":{"rendered":"<p>Basically, he ruled to quote Tanta, &#8220;<a href=\"http:\/\/calculatedrisk.blogspot.com\/2008\/05\/bk-judge-rules-stated-income-heloc-debt.html\"> If you make a &#8220;liar loan,&#8221; the Judge is saying here, then you cannot claim you were harmed by relying on lies. And if you rely on an inflated appraisal, that&#8217;s your lookout, not the borrower&#8217;s<\/a>.&#8221;<\/p>\n<p>If this sets a precedent, there will be a whole series of loans that will be up for grabs in bankruptcy proceedings, <span style=\"font-weight:bold;\">as it should be<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Basically, he ruled to quote Tanta, &#8220; If you make a &#8220;liar loan,&#8221; the Judge is saying here, then you cannot claim you were harmed by relying on lies. And if you rely on an inflated appraisal, that&#8217;s your lookout, not the borrower&#8217;s.&#8221; If this sets a precedent, there will be a whole series of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,972,1088],"tags":[],"class_list":["post-196002","post","type-post","status-publish","format-standard","hentry","category-finance","category-justice","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196002"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196002"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196002\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}