Here's some free legal advice: don't commit fraud. Deliberately running up your credit cards with the intention of not paying them because you planned to declare bankruptcy could expose you to both criminal and civil liability. It might be bankruptcy fraud, credit fraud, mail fraud, and wire fraud. You could go to jail and have to pay restitution; you might be subject to civil penalties. Consult a lawyer and make sure that your debt-evasive activities are legal.
jks
>
>pms wrote:
>
>>Hey Doug. I've been wondering if you're really serious about this. If
>>you
>>wouldn't mind discussing it further, contact me off list? Wiping out this
>>debt could really tilt me towards a decent self-stuctured retirement.
>>Would
>>it hurt?
>
>I'm answering on the list because I sometimes feel like shouting it
>from the rooftops. If you have a lot of credit card debt, think
>seriously about filing. Of course, running up the cards with the
>intention of filing after a good binge is bankruptcy fraud, and could
>get you in a lot of trouble. But if you're up to your ears in debt
>and you can barely make the monthly minimum - well that's why
>Congress made chapter 7.
>
>I should say this just to keep Justin from jumping all over me for
>practicing law without a license: consult an attorney. I'm not one.
>And do it soon before the law changes (though Nathan assures us Tom
>Daschle won't let that happen).
>
>Doug
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