Investing sprees ahead of filing bankruptcy
Just about everyone has seen tales about individuals who enter into severe dilemmas them all out, even took out new ones, prior to filing a bankruptcy because they ran their credit cards up, maxed. These tales are sensational and also make the news вЂ“ but they are actually excessively unusual.
In reality, having managed over 20,000 clients within the last 33 years, i will inform you in a bankruptcy that I have yet to see a single case where someone intentionally runs up a lot of debt with the idea that they will discharge it.
A lot of the time, simply the reverse does work! Read more