What happens if you borrow 100-500k in Australia, pay it to a friend and then declare bankruptcy shortly after? Would your friend need to pay back the bank? Would this be fraud?

What would happen if 1,000 people did this and paid the same person?

What happens if you borrow 100-500k in Australia, pay it to a friend and then declare bankruptcy shortly after? Would your friend need to pay back the bank? Would this be fraud?

What would happen if 1,000 people did this and paid the same person?

Edit:

Not sure why everyone is getting angry about the question. I was just curious and researching about loopholes in systems. I don't plan to do such a thing

What happens in Australia if you borrow 100-500k and pay it to a friend and then shortly after declaring bankruptcy.

Would your friend need to pay back the bank? Is this scam or fraud?

What would happen if 1,000 people did this and paid the same person?

What happens if you borrow 100-500k in Australia, pay it to a friend and then declare bankruptcy shortly after? Would your friend need to pay back the bank? Would this be fraud?

What would happen if 1,000 people did this and paid the same person?