Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Borrowing 100k and paying it to someone then declaring bankruptcy
This is fraud and could lead to jail time. The vast majority of people cannot obtain such loans without collateral and one would have to have a healthy income and good credit to obtain that kind of loan to purchase something secured by a valuable asset, such as a home. Has this been done before?  Yes, despite it being the US, you may find this article interesting.     Hopefully, you see how the intent of this hypothetical situation is stealing.