Questions you have before making a decision to go Bankrupt and the Bankruptcy process

Moderators: TalbotWoods, JaneClack

By lofty
#269783 Just to clarify I meant is it a nono to get the cash for the fee off a card before petitioning for bankruptcy
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By TalbotWoods
#269843 Technically it is a no no....

BUT....

ORs know for many it is the only way, so when he asks what the transaction was for be honest, and he'll normally ignore it!

Tim
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By JaneClack
#269883 An OR did once try to get a bankruptcy restriction order against someone who did this - she contested it and it went to court where the judge ruled that was the only way she could get the money together.

However, it is technically borrowing money when knowing you have no ability to repay so would depend on the day but tradition is with you.