Dering asked:
I was arguing with my friend. We were wondering about bankruptcy. The basic argument is, can’t I just take these dozens of credit card applications, get the cards, buy a half million dollars worth of stuff (or even better take a half million worth of cash) give it all to my girl friend and declare bankruptcy? Then I could live the life of luxury off of my sugar mama!
I was arguing with my friend. We were wondering about bankruptcy. The basic argument is, can’t I just take these dozens of credit card applications, get the cards, buy a half million dollars worth of stuff (or even better take a half million worth of cash) give it all to my girl friend and declare bankruptcy? Then I could live the life of luxury off of my sugar mama!
I don’t think this would work, I was just wondering why it wouldn’t. Thanks!
Wilford
August 21st, 2009 |