What should I buy before my Bankruptcy?

I’m filing bankruptcy at the end of October.
I’m recently divorced and my ex dumped all the debt we had on me to deal with, so I was thinking, maybe I’ll get myself some stuff and add it to the pile.

I don’t have any credit cards (they were all in her name) so it’d be a waste of time to apply for any.
Can anyone suggest, what to get on “credit” that I can dispose of in the courts?

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Posted August 12th, 2010 in File Bankruptcy Yourself. Tagged: , , .

6 comments:

  1. Sgt Big Red:

    Hate to inform you but the debts would not be included in the discharge as the following debts may be declared non-dischargeable by a bankruptcy judge

    Debts you incurred on the basis of fraud, such as lying on a credit application; Credit purchases of $500 or more for luxury goods or services made within 90 days of filing; Loans or cash advances of $750 or more taken within 70 days of filing.

    Also, a creditor does not have to accept a discharge by bankruptcy if they challenge your request when the 341 meeting is held. This is when your creditors gather with the bankruptcy court to try and stop you from discharging debts.

    August 12th, 2010 at 2:16 pm
  2. CatDad:

    Nothing…….if you go on a frivolous spending spree you’d just set yourself up for having your Chapter 7 case rejected….or the judge might only qualify you for Chapter 13…the version of BK where you repay all the debt under a court supervised repayment plan.

    August 12th, 2010 at 2:16 pm
  3. v b:

    What you are describing is fraud and can cause the court to refuse to discharge anything.

    August 12th, 2010 at 2:16 pm
  4. Anun:

    gold, dimonds.. these are things that never loose the value.. even if the money changes (i work at a bank, and heard some rummers), u will have something to live on

    August 12th, 2010 at 2:16 pm
  5. Michael T:

    Even though it is unethical, it is also unlikely that you could get an unsecured loan. If you got a secured loan, that item would have to be returned in a bankruptcy.

    You do realize that if the debt is also in your ex-wifes name as well as yours, you will be dumping that debt back on her when your bankruptcy is discharged. However, she could then sue you for breach of contract and the debt will be back on you. It is kind of a tricky situation since you can’t include the debts from your ex-wife in your bankruptcy since she doesn’t own the debt until the bankruptcy is discharged.

    Therefore a married or a divorce couple should normally file for bankruptcy at the same time.

    August 12th, 2010 at 2:16 pm
  6. john:

    Nothing.What you are trying to do;I would think God may consider
    stealing,as in ill gotten gain.
    Speak to your pastor before you go on your spending spree.

    August 12th, 2010 at 2:16 pm

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