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Bankruptcy

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Cmitchell | 22:20 Fri 03rd Oct 2008 | Business & Finance
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I'm asking on behalf of a friend!

If she spends on her store card (lets say in the next fortnight) the last amound that she has (�500) will she be asked to give that item back if she declares herself bankrupt in the next few weeks? Many thanks in advance Cmitchell
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Avatar Image Ethel
The Official Receiver (or a Trustee in Bankruptcy) would sell her assets to pay off her debts, so she will lose a lot more than that item.

The OR will have sight of all her debts and statements and will want to know what she has done with it.
22:30 Fri 03rd Oct 2008
Avatar Image Kathyan
It won't look good if she goes out spending and then declares bankruptcy!
11:06 Mon 06th Oct 2008

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