January 25th, 2013 by Questions
If I sell my house for a small profit and withdraw that profit immediately to pay personal debts to family and friends and then attempt a consumer proposal or declare bankruptcy against my credit card creditors, is this illegal? Basically, I’m trying tp pay the people closest to me before my larger unsecured creditors. Since there isn’t suffficient funds to pay everyone fully. My creditors will be forced to accept 25 cents on the dollar or I would have to declare bankruptcy.
Posted from: Quebec