The Broncos say they believe Carter is manipulating the bankruptcy laws to delay repayment or to avoid repaying them altogether.

Pappacoda was acting on behalf of King Philip II of Spain, who wished to avoid repaying his sizable debts to the Polish queen.

To avoid repaying a Ls1 million campaign donation, the party was disbanded by the decision of its Congress on July 9, 2011.

Under the bankruptcy bill - passed overwhelmingly by Congress - wealthy debtors would no longer be able to shield assets to avoid repaying their debts.

It even wants to avoid repaying those who lent it money shortly before it went under, arguing that provisions meant to ensure repayment made the loans somehow fraudulent.

Further, Congress determined that even if Ransom had intentionally tried to avoid repaying the debt, that would have been a private matter and not professional conduct unbecoming an officer.

Proponents of this overhaul claim it is needed to curb abuses by high-income debtors who run up big debts and then use the bankruptcy code to avoid repaying them.

Under this view, depositors would not normally trust banks with their deposits because they fear that when they want to withdraw their money, the bank may try to avoid repaying, or try to repay at a lower rate.

Students who have been victimized by unscrupulous trade schools may have won a new legal weapon in their attempt to avoid repaying their student loans.

The law also makes it easier for creditors who received preferential payments of less than $5,000 from the debtor before bankruptcy to avoid repaying such payments for the benefit of all creditors.