Quote:
Originally Posted by Shrimp Boat Captain
But if I put back the money I’ll have to report it as an asset on my bankruptcy paperwork. The court will then confiscate the money and disburse it to my creditors. I’d be committing bankruptcy fraud if I didn’t report the money. My only option is to spend the money before filing. There is nothing the court can do if I tell the judge I spent the money on hookers before filing bankruptcy.
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Not to state the obvious, but if you tell the court that you spent thousands of dollars on prostitution, something tells me they'll figure out something to do with/to you.
Its kind of funny that your argument
for blowing the cash on the ladies is to avoid committing bankruptcy fraud...
I hate to say it, cap'n, but you already are committing fraud. The trick now is not getting caught. If I were planning on stealing from my creditors, I'd do it for a good reason. Taking care of myself and my family is a better one than blowing it on whiskey and women. I can think of dozens of ways to avoid having to report it to the court, but I'm not about to give you advice on this. You'll have to figure out how to blow a hole in the bottom of your boat all on your own.
Good luck and sorry to hear about your troubles.