FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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maxing credit cards prior to bankruptcy

What happens if I max my credit cards right before bankruptcy ??

thanks !

Posted from: Ontario

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One Response to “maxing credit cards prior to bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

You will have committed fraud and an offense under the Bankruptcy and Insolvency Act. As a result your debts will not be released by the filing of a bankruptcy and you will not be eligible for discharge.

Any time you are involved in trying to maximize your benefit to the detriment of your creditors this causes serious problems, so you are best to not do it, leave things how they are, and go talk to a local trustee so you can resolve things.