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Is bouncing a balance transfer check a crime


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Posted by Lee N. on October 17, 2000 at 03:37:01:

I involved in a business almost three years ago where
I cashed all my credit cards for that purpose. But
unfortunately the business went downhill.
In order to cover my credit card debts I start sending
balance transfer checks from one credit card company
to another credit card company.
Unfortunately many checks were bounced with large amounts.
At this points all the debts have been charged-off, sold
to other collection agencies and yet no lawsuits
have been been filed since I have no assets.
I guess statute of limitation for filing a lawsuit
in my state getting close to expire.
If I file for bankruptcy now, I am affraid they will
get intimidated and sue me for bouncing checks
since bouncing a check is a crime as I know.
please I need some assistance in handling my case
from here on with an explanation on whether bouncing
a balance transfer checks have the same consequences
as regular bank checks.

Thanks!!!!!


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