Bankruptcy

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rodders26
Posts: 7
Joined: Tue Jan 05, 2010 9:04 pm

Does anyone no if you still can operate a betfair account if your bankrupt??
haichless
Posts: 125
Joined: Tue Jul 17, 2012 5:04 pm

you can, but beware, the investigators wont look kindly on it, if they become aware of it whilst you are undischarged, and may scrutinise this element (gambling) of the potential cause/effect of the bankruptcy in much more detail as a consequence.
Once you are a discharged bankrupt you can do what you want, like anyone else.
rodders26
Posts: 7
Joined: Tue Jan 05, 2010 9:04 pm

Yes had a feeling it wouldn't be plain sailing!Looks like I will have to pay these con men what I owe them, its not worth jeopardising one of my income's just to right off some old debt thanks for your reply :x
luckystar
Posts: 7
Joined: Sun Oct 07, 2012 2:24 pm

just be careful you don't have a gambling problem! betting is not something you want to do when you don't have spare cash.
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Frogmella
Posts: 245
Joined: Mon May 30, 2011 2:44 pm

I don't think your administrator will be looking at your case again after you've been made bankrupt unless they have protracted assets to recover but they will wait years before doing that.They will have moved on to the next case, its just a clerical exercise for them, no-one is watching you. You use a screen name so can't be readily identified and I am quite sure that Betfair won't give a toss as long as they get their share. They're not giving you credit after all.

I would have thought having access to a debit or credit card to fund the account would be your main problem.
luckystar
Posts: 7
Joined: Sun Oct 07, 2012 2:24 pm

you will invite awkward questions that way - at least try to fund the account using moneybookers or some other way that doesn't directly reveal what you're doing.
davy
Posts: 30
Joined: Sun Jul 19, 2009 11:04 pm

Rodders 26, Bankruptcy is all about preparation. Provided you don’t need to borrow any money you won’t know you are in it, by the way I speak from experience. I was made Bankrupt 20 years ago against my will and through no fault of my own. (except to be stupid enough to trust a corporate) If you have a wife or a partner it’s dead easy. Keep her squeaky clean financially. If she has a credit card that will accept deposits into Betfair (not all do) get an extra card in your name before you go Bankrupt, you won’t get one after, if not apply for one. After that it’s plain sailing, keep your head down and don’t draw attention to yourself financially, you are in and out in 12 months these days, I had to stay in three years, didn’t notice any difference.
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