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The bankruptcy trustee can seize the house, sell it, and pay the debtor the understated value he claimed for it.
FORBES: Bankruptcy Hacks Are Still At It
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These remarkable fellows persuaded otherwise sensible citizens to suspend disbelief long enough to sell a product of zero value that claimed an exhausting list of miraculous cures and benefits without any evidence whatsoever that the product was either safe or effective.
FORBES: The Rebirth Of The Snake Oil Salesman On Wall Street
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Many have claimed the relatively small net value of CDS outstanding make the situation inconsequential.
FORBES: Greek Default Provides Temporary Relief As EU Crisis Marches On
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That was its fair market value, they claimed.
FORBES: Fire Department Donation Nixed
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That technology, he claimed, could potentially help Ivanhoe achieve a market value on a par with Google.
FORBES: Magazine Article
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That technology, he claimed, could potentially help Ivanhoe achieve a market value on a par with Google (nasdaq: GOOG - news - people ).
FORBES: On The Cover/Top Stories
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So too, due to the department's academic inadequacy, the committee claimed its master's program's "value...is doubtful, " and said that the faculty could not adequately educate doctoral students.
CENTERFORSECURITYPOLICY: Tom Friedman's losing battle
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Properties were valued by a surveyor in 2010 and again in 2012 - and the amount MPs had to repay depended on how much they had claimed, and how much the property's value had risen by.
BBC: MPs repay ?390,000 in 'profits' on second homes
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Chamales claimed a casualty loss because the media, sightseers, and refuse reduced the value of their property.
FORBES: Why Many Storm Losses Are Not Tax Deductible
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And France's leading media firm Vivendi Universal lost 25% of its value on Tuesday and a further 22% on Wednesday, after a French newspaper claimed it had tried - but failed - to fiddle the books.
BBC: Shares slide begins to reverse
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So too would allowing the value of gifts of artworks, made while the donor is still alive, to be claimed against income tax, as is the case with gifts of quoted shares or property.
ECONOMIST: Some easy ways for the government to encourage more giving