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Is This Legal?


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A neighbor of mine went bk 7 in late 2005. He and his wife were just approved by an area credit union and are now in the process of moving from an apt into a double-wide. He has bragged to many of us neighbors that he plans to go bk 7 again as soon as he can as he knows that his home will not be taken from him.

Wouldn't this be fraud? ...to knowingly apply for a loan with the intent of going bk again as soon as legally possible? Or, is he correct saying that his home cannot be touched?

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