I randomly thought of this one day and I know it wouldnt work but I dont really know why and how all the rules work etc. I dont understand backruptcy but I assume that when u get in massive debt, say $500000 the interest has to stop otherwise you would never have any chance of ever paying it off. So if 10 people got a home loan of $350000 and all donated it to the one person, then declared bankruptcy and lived in a massive $3.5mil mansion together and lived off interest and illegal cash jobs, would this be possible??? I am keen to retire at 21. LOL.