September 4, 2009
Before bankruptcy purchases?
Colt45 asked:
I need to file personal bankruptcy because of a failed business. My question is I live in Ohio I am going to be strapped financially for the next 4 years paying of outside business debt. My problem is my refrigerator died yesterday and everyone is telling me to purchase one 90 days before filing. I have never failed to pay a bill but I am unemployed and quite a while before I can ever regain financial freedom. I am at a loss what to do. Does anyone have any advice.
I need to file personal bankruptcy because of a failed business. My question is I live in Ohio I am going to be strapped financially for the next 4 years paying of outside business debt. My problem is my refrigerator died yesterday and everyone is telling me to purchase one 90 days before filing. I have never failed to pay a bill but I am unemployed and quite a while before I can ever regain financial freedom. I am at a loss what to do. Does anyone have any advice.
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Comments on Before bankruptcy purchases?
Post an item wanted ad on craigslist for your refrigerator. Stress free or low cost due to failed business.
Go ahead and buy the fridge….You need it. I could be mistaken but depending on the type of business( you owned?) you may be able to include the debt in the bankruptcy as well. Hey,…It happens to a lot of us. It sucks, but sometimes there's just no way out.
If you BORROW money for a new refrigerator when you know you will be filing bankruptcy, that is fraud. If you take the first answer's advice and BUY a used refrigerator for CASH, you should be fine. As long as you are not spending on items you don't need, the bankruptcy court knows you still have expenses.