I noticed this story on SoCal Law Blog, about a young lawyer convicted of fraud for using a credit card scam to pay his way through law school.
When I graduated law school just a few years ago, there was a lot of talk about young lawyers declaring for bankruptcy to have their law school debts erased. Then they could waltz into some big firm making many Gs and not have the debt to repay. I'm not sure if anyone actually did it, but I know that some employers and some state bars were doing credit checks.
It's an interesting idea though. If businesses can use bankruptcy to "restructure," why can't enterprising young attorneys? Not that I know much about bankruptcy, of course.