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Abusing bankruptcy?
Spendthrift80
Posts: 4 Newbie
Someone I knew went bankrupt last autumn through overspending. Ever since she declared bankrupt she's been on social media posting photos of all the theatre productions she's seeing, visits to the West End etc. I would have though that she would have had to cut down on her spending surely, but she's certainly not showing any signs of that. Could she get in trouble for this?
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Comments
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She won't get into trouble for posting on social media!
You don't know if her posts are genuine or not. Even if they are, there are ways of getting theatre tickets very cheaply.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
It depends really. Everyone’s circumstances are individual. She may have been able to pull the wool over the Official Receiver’s eyes regarding her expenses. Or she may be on benefit income only and the Official Receiver is not claiming any of her income. Or maybe someone else is paying!
Do you know her exact financial circumstances? If not then it’s not really for you to comment.0 -
She won't get into trouble for posting on social media!
You don't know if her posts are genuine or not. Even if they are, there are ways of getting theatre tickets very cheaply.
Well I gathered that.... They are genuine, and it's not cheap tickets - it's hundreds of pounds each month. It just seems odd that she'd be allowed to do this when bankrupt, especially when this is what got her into trouble in the first place!0 -
Spendthrift80 wrote: »Well I gathered that.... They are genuine, and it's not cheap tickets - it's hundreds of pounds each month. It just seems odd that she'd be allowed to do this when bankrupt, especially when this is what got her into trouble in the first place!
Perhaps she did not pay for the tickets or was given the money to pay for them, maybe the tickets were obtained cheaply even if they are good seats etc etc0 -
Spendthrift80 wrote: »Well I gathered that.... They are genuine, and it's not cheap tickets - it's hundreds of pounds each month. It just seems odd that she'd be allowed to do this when bankrupt, especially when this is what got her into trouble in the first place!
It is unlikely that you have sufficient knowledge of this person's circumstances to draw the conclusions that you have. Most bankrupts behave properly, some do not and a very few simply abuse the system. Either way it is not something that you need to worry about policing.0 -
Green-eyed Monster0
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Actually more outraged that someone is allowed to spend hundreds on tickets rather than pay off her debts like most people!0
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Actually I know their situation very well thanks, and just wanted some advice but apparently the advice is to just go bankrupt and abuse the situation.0
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Spendthrift80 wrote: »Actually I know their situation very well thanks, and just wanted some advice but apparently the advice is to just go bankrupt and abuse the situation.
This forum board is for the majority who are at their wits end, can see no way out of the circumstances they are in and need a way to live again. It is not for whingeing about neighbours and friends who are not living their life they way you think they should.
There is no advice we can give as there is nothing you can do. However, if you feel its your duty and you believe your acquaintance has hidden assets from the Official Receiver and you have some evidence of this then by all means contact the Insolvency Service and let them know you think there is fraud going on.
Its worth noting that once someone is Bankrupt - they have no debts, that's the point of Bankruptcy. If you read these pages more you will find people brought to their knees by circumstances beyond their control - ill health, accidents, divorce, bereavement, redundancy, homelessness - there but for the grace of a god go all of us.0 -
Spendthrift80 wrote: »Someone I knew went bankrupt last autumn through overspending. Ever since she declared bankrupt she's been on social media posting photos of all the theatre productions she's seeing, visits to the West End etc. I would have though that she would have had to cut down on her spending surely, but she's certainly not showing any signs of that. Could she get in trouble for this?
What you’re really asking is “can I get her in trouble for this?” which paints a very very unpleasant picture for us.0
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