Is the value of the degree the knowledge and experience (and connections) you made along the way, or is it just the signalling that this institution vouches for your ability to clear a bar? Interesting philosophical discussion point. If the value of the degree is the former, there is literally no way that a bankruptcy judge could force you to stop talking to friends or forget the things you learned. If the latter, well, could the court possibly enforce 'not talk about your experience at college' on your resume or in all your job interviews? Even if you had your degree taken away because of bankruptcy, it still would be something that you could mention in some way, right?