The Supreme court in a 9-0 ruling decided a woman in California could not use the United States bankruptcy code protection in order to avoid paying a debt that was made fraudulent by her partner.
The Supreme Court ruled Kate Bartenwerfer still had to pay a $200,000 debt that stemmed from her husband David’s fraudulent activity.
The code has been mostly used as a loophole for one partner to avoid paying a debt.
It appears now the Supreme Court has closed that loophole for good.
If someone is a honest victim of fraudulent activity due to their partners misdeeds it appears that person is just out of luck now.
Supreme Court delivers massive 9-0 ruling!
Do you think they got it right??https://t.co/oBhKJ8TJCb
— Chuck Woolery (@chuckwoolery) February 21, 2023
CNBC had these details to add:
The Supreme Court in a unanimous decision Wednesday ruled that a California woman could not use…