Dave Owes $100,000 to Cindy and $100,000 to Connie

question 55

Essay

Dave owes $100,000 to Cindy and $100,000 to Connie. Both before and after Dave went into bankruptcy under Chapter 7, he engaged in faking records, withholding information, and concealing assets in order to avoid Cindy's debt. However, Dave did not behave this way with regard to Connie's debt. Because Dave had few assets and Connie's debt was unsecured, she got virtually nothing out of Dave's bankruptcy. The same is true regarding Cindy. Sometime later, therefore, Cindy and Connie sue Dave on the debt once Dave becomes rich. Dave defends by saying that both debts are discharged. Is Dave right? Assume that each debt is a normal contract obligation.

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Definitions:

Lateral Line System

A system of sense organs found in aquatic vertebrates, used to detect movement and vibration in the surrounding water.

Bony Skeletons

Bony skeletons are composed of bones, providing structural support and protection to the body of vertebrate animals.

Jawless Scavengers

Aquatic organisms, such as hagfish, that lack jaws and feed on dead or dying fish, playing a vital role in the ocean's ecosystem by recycling nutrients.

Hagfish

A jawless marine fish known for its ability to produce a large amount of slime or mucus.