True or false: In a "bust-out," fraud perpetrators plan to retain a business' assets while filing for bankruptcy in order to avoid responsibility for company liabilities.

Question

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In a "bust-out" fraud scheme, perpetrators intentionally accumulate debt, strip the company of its assets, and then declare bankruptcy to avoid paying their obligations. The goal is to fraudulently obtain money or credit and leave creditors with nothing to pursue. They plan to keep the assets and avoid responsibility for liabilities.

True or False: in a "Bust-Out," Fraud Perpetrators Plan to Retain