As I stated in my first post and of course goes without saying, everything depends on the ruling of the court. If it is non-dischargeable, it is non-dischargeable. But a Chapter 7 Bankruptcy filing is pretty much stating to the court, "we have no assets" and asking the court to discharge all debts. The filing can be denied and the debtor may be forced to file a Chapter 13 Bankruptcy which may request to discharge some debts and set up a payment plan to pay all or part of the rest.
As far as filing a civil action for "straight fraud" on the individuals, it will depend on how the corporation was formed and if the filing with the Secretary of State allows creditors to go after "officers" of the corporation. An LLC filing limits the liability of officers. Additionally, you would have to prove and convince the court of a fraud cause of action. You can sue all you want, recovery will always be an issue. If the individuals have no money or claim to have no money, or proves to the court they have no money, there will be no recovery so a civil lawsuit is just a waste of time and money. The defendants will have judgment perhaps against them for the next 7 - 10 years which will affect their credit. But that may be their only penalty. If you can file a small claims lawsuit, get it to judgment before the filing of their bankruptcy, that judgment will stay for 10 years and perhaps when the bankruptcy is lifted, the judgment may still be enforceable. I don't know.