Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Borrowed money from one person to pay back another

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Borrowed money from one person to pay back another

    Hi I'm new here and it looks like I will be filing chapter 7 in the near future. I have gotten myself into some trouble in the last 6 months or so financially, because of a man (yeah I know....) I kept lending him money and he never paid it back. He had other friends lend him money too - it went into my checking account, but ultimately went to him. Some of these people needed their loan back quickly so he borrowed from other people to pay the first people back - and yes, it all went through my checking account. Now he has disappeared and I will be filing bk, but I am wondering how these transactions are going to complicate things. I dont have an attorney and will most likely be filing pro se as he completely drained everything I have so I cant even afford food much less a lawyer.

    And yes, I have filed charges against him.

    Thank you!

    Jessica
    Jessica
    Filed Chapter 7 (Minnesota): 5/23/11
    Discharged 8/30/11, Not yet closed...

  • #2
    As I see it, your filing BK could hurt him. (Don't think you'll mind!)

    You'll have to disclose payments to friends/family - and since the $ went thru your account then I'm thinking you must disclose those payments. The BK trustee may go after him to to pay the court, in order to dispurse evenly to your unsecured debts.

    On the other hand, since people were lending him $ thru you, it might be argued that you were just cashing checks and not actually paying him for a debt. In that case he might not be pulled into your filing at all.

    But either way, it does not sound like you did anything wrong.
    Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
    (In the 'planning' stage, to file ch. 13 if/when we have to.)

    Comment


    • #3
      ps-

      Even if you ultimately decide to file pro se, schedule consultations and speak to attorneys about your case. First consultations are generally free, and you can honestly say you hare not yet ready to retain an attorney...
      Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
      (In the 'planning' stage, to file ch. 13 if/when we have to.)

      Comment


      • #4
        How frequent and how high were these transactions? How proportional to the rest of the activity in the account (salary, etc)? How long ago?

        Do you have any documentation or such to prove these were really your ex's transactions? Notes from the friends, receipts for deposits and withdrawals, etc.

        I handle some money for a family member, with deposits going into my account. I was co-mingling funds (I.e. Not a separate account just for their funds) with my own. I told my lawyer. He made a note.

        Since there were none of their funds in my account on the day of filing, no need to worry about exempting anything. I was just concerned about the trustee looking over the statements and having a problem.

        I was asked for a two second explanation at my 341 (I see lots of salary deposits here, what are those?), he moved on and it wasn't a problem.

        In my case though, they were direct deposits that could be easily traced to the family member. And matching withdrawals out to pay bills I could prove were theirs. I wasn't asked to prove anything, but I could if needed.

        Comment


        • #5
          Originally posted by jadams View Post
          How frequent and how high were these transactions? How proportional to the rest of the activity in the account (salary, etc)? How long ago?

          Do you have any documentation or such to prove these were really your ex's transactions? Notes from the friends, receipts for deposits and withdrawals, etc.

          Thousands of dollars, between Novemebr and February, so relatively recently. very disproportionate to the activity in my account if you look back further or at any other time in my life lol. There may be some spotty documentation, but the genius of my ex was he didn't leave a paper trail and he got other people to do his stuff so you couldnt trace it back to him. And he worked in cash so there were a lot of large withdrawals. There were 2 wire transfers that totalled $10,000 from a friend of his I've never even met and don't know how to get ahold of. I know I screwed up trusting him, and now Im scared its going to but me in the butt!

          Jess
          Jessica
          Filed Chapter 7 (Minnesota): 5/23/11
          Discharged 8/30/11, Not yet closed...

          Comment


          • #6
            Wow Jess. It sounds like you hooked up with my ex! One of the "bad choice" reasons I am here now too. I'm sorry you went through that. Are you ok? I mean other than trashed finances. Are YOU ok?

            Comment


            • #7
              Originally posted by tigergem View Post
              Wow Jess. It sounds like you hooked up with my ex! One of the "bad choice" reasons I am here now too. I'm sorry you went through that. Are you ok? I mean other than trashed finances. Are YOU ok?
              No, really I'm not OK. Luckily I have my family, unfortunately they are 300 miles away, but at least they are supportive.
              Jessica
              Filed Chapter 7 (Minnesota): 5/23/11
              Discharged 8/30/11, Not yet closed...

              Comment


              • #8
                Originally posted by JessMN View Post
                No, really I'm not OK. Luckily I have my family, unfortunately they are 300 miles away, but at least they are supportive.
                Not to get too terribly off topic, I am going to PM you with some resources to help you deal with and understand what happened to you. Just remember, that which does not kill us, makes us stronger. Of course, these days I much prefer "That which does not kill me had better run pretty damned fast."

                Comment

                Unconfigured Ad Widget

                Collapse
                Working...
                X