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

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

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