i owe the tax man about £8k have unsecured debt of about £12k that i am finding hard to pay. i have maybe 20 credit cards. My question is if i max out these cards then declare myself bankrupt would this be looked on as fraud.My take on it is I have the cards and can use them for and when ever I want but I would like your advice. Thank you. Jim
It may not be treated as fraud but it would certainly earn you a BRU/BRO for obtaining credit with no reasonable prospect of repayment, and with knowledge of insolvency.
You should also ask yourself if your conscience would allow you to do this if you even suspect it may be fraudulent.
In my experience, most people exhaust all available credit before going BR. As suzanne says, if you max out your cards and go BR staright away, then it is likely you'll get a BRO/BRU.
Julian Donnelly Spokesperson for www.Bankruptcyhelp.org.uk Don't forget the helpline on 0800 078 9367
would this be looked on as fraud?
Posted - 01 October 2008 : 10:21:37
