Originally Posted by
Slasher1
Actually, you often can and it often does work this way. Happens all the time with people and even larger entities and corporations (who might have to jump through a few hoops but are effectively doing the same thing).
And sometimes (depending wholly on circumstance) it is the correct moral, ethical, and legal thing to do.
Depends a great deal on the exact circumstance of how it was accrued and on the lending entities ability to make your life difficult wherever you wind up.
Might not work or be a feasible plan in this particular case; not sure of the specifics of who lent what and their ability to recover.
I would feel no obligation to pay a lending entity back for a house if that lending entity played a role in later making that house worthless. Or who over optimistically lent money with terms which wound up being a scam.