Bankruptcy

[Cmitchell]

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

[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.

[Kathyan]

It won't look good if she goes out spending and then declares bankruptcy!