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| The independent answer to your debt problems | login join |
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jonathon
| 24-09-2009 05:19 PM |
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Joined: 24 Sep 2009 Posts: 1 | What is the legal perspective if one were in debt and their income wasn't enough to service the current debts so that bankruptcy became the only real option (assuming no assets), but they got a personal loan, used this to pay their student loan, then declared themselves bankrupt? Is it legal to take out a loan knowing that you will be declaring yourself bankrupt in the near future and also, could an OR demand that the Student Loans Company return the money which had just been sent to them? |
| paladin | 30-09-2009 10:24 AM |
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Joined: 06 Jun 2007 Posts: 240 My Profile | jonathon Don't do it. You'll just get yourself into trouble. Just think about it, would the OR or for that matter the courts allow people who are just about to go bankrupt to go on a spending spree? P |
