Is this fraud?

[Scream2Death]

purchasing $800 item with a credit card, sell the $800 product(maybe less), and use it to pay a monthly personal loan of $800


just trying to delay the inevitable for my father


i know some might think of this as a dumb question from a dumb person who shouldn't be even thinking of this, but just wondering....


thanks again ppl!

[Spartan]

Robbing Peter to pay Paul is not advisable. Making payment to personal loan pre bk, is also looking for trouble.

[BKOnce]

Trustee : Do/show you have double incomes ($800 X2)?

You: No, I sell Peter for Paul!

Trustee : Prove it!

You: 1st some $ loss, now also some Fraud! ==>> Double Jeopardy game!

[twuoo]

I think who ever you'd pay that amount to would be a preferential payment anyway. Not good.

[emoney]

Legally speaking if you did any of those things within one year of filing the trustee can go after each tranactions.
Regards,
emoney

[Minnymouth]

Making a bad mistake doing this...............can cause immediate dismissal of your bankruptcy...... preferential payments to insider..... etc....

Not a smart move............

[Scream2Death]

understood, thanks!