Re: Is bouncing a balance transfer check a crime

Posted by LEE N. on October 17, 2000 at 03:39:58:

In Reply to: Re: Is bouncing a balance transfer check a crime posted by CardReport.Com Webmaster on October 17, 2000 at 03:38:49:

:To Cardreport.Com Webmaster

In regards to your reply on 6/3/00, I appreciate your prompt
and thorough explanation. However I would like
to find out since I have no assets for the
creditors to take, what are the consequences if
I don't file a bankruptcy and I start having a
job with a good pay. How would they go about
that and what will they do to collect.

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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