Question About Personal Loan After Bankruptcy
Q: I live in Vancouver, BC, Canada. I have a question about a loan AFTER bankruptcy. I try to keep the person I lent money to confidential. Let's call him Alpha. So, I know Alpha for some time. On Feb 7, he asked me for money for his printing company. He said he needs to put up some money for his printing project. I said "I personally don't know you very well" and "Have you tried the bank?". He replied "I have my line of credit max out". He promised a high return on investment. He said when he get the previous printing contract paid, a portion of that contract will be given to me. He wrote me a void check and a promise note behind it. He extended many days. Today (March 3), I can't wait anymore and decided to file a small claim against him. I find out that he already declared Bankruptcy in September 2005. Currently the debt has not been discharged. What happens now? Is it a fraud? I don't suppose he should have asked me for a loan. He lied to me about his line of credit and got a loan. I haven't yet filed small claim yeet. Please respond soon.
A: - If he took the loan from you after he filed for bankruptcy, it may constitute fraud, but you would have to ask a lawyer. - The loan is Feb 7, 2006 after Sep 2005. I don't know if this would mean anything. Can I file fraud? or small claim? or anything? I don't think this is right though. I am sure something in the law prevent this kind of behaviour. Any advice would be appreciated even if it's not legal advice. .
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