Question about fraud

Snooze

uktyler wrote: »

The other problem is he will have to take cash or travellers cheques with him, as he won't have a bank account. The risks of being mugged with 20k is high, then he comes back with nothing after a few months. How long does he think he can stay away for?
Many countries only allow to to stay for a set period of time on a tourist visa.

Not to mention that if you try walking out of the country with £20k in your pocket/suitcase you'll quickly be stopped in your tracks by the money laundering brigade at the airport.

Rob

FraudBuster

OP be aware:

The Courts have powers to impound your friends passport.

The OR has reciprocal arrangements with some other countries.

Most folks will get found out as the reult of a simple telephone call:

http://www.insolvency.gov.uk/doitonline/enforcementhotline.htm

This is a Public Forum.

leedsfan_3

Firstly he has mates in quite a few countries so it's not like he is going to struggle to find accommodation, you don't need a Visa to be in another part of the E.U, that's what the wonderful free movement of labour is all about "sarcasm on wonderful".

I think he is envisioning that his job will probably not be there in the next year and when the recession fully hits this country, job opportunities won't exactly be booming and so had made the pre emptive decision to do this.

Also I really hope the latter comment about this being a public forum was not a thinly veiled threat, after all we live in england not in stasiland!. Although even if it is a threat, i am not a fellow informant and so the authorities would get nothing out of me anyway.

Anyways I appreciate the comments

Snooze

leedsfan wrote: »

I think he is envisioning that his job will probably not be there in the next year and when the recession fully hits this country, job opportunities won't exactly be booming and so had made the pre emptive decision to do this.

Right, fair enough, but £20k still isn't going to last very long. If he's used to £24k a year then realistically he's gonna be skint after a year which really isn't worth the bankruptcy "charge", wrecked credit file and possible fraud investigation.

Rob

terryw

The scenario painted by the OP is certainly very unethical and possibly illegal if it can be proved that the money was borrowed with the intention of not paying. This would be difficult to prove particularly if some payments have been made. Just look at the number of bankrupts who have acquired the debts on personal extravagance with no realistic means of repaying.

However, I am certain that the scenario is carried out many many times by unscrupulous people. The question that must be asked is " Is it worthwhile sullying my reputation by carrying out an ethical activity?". Only the individual can answer this one.
I don't think it is worth it.

uktyler

I'm not up on the law regarding this, but will the official receiver discharge him if cannot be found?
I can't see them being happy when you turn up at court stating you are going abroad, especially for a few years.