answersLogoWhite

0


Best Answer

NO! Don't do it. This is a terrible mistake. I know you want to be a good friend and help your pal, but this could cause you financial ruin. It's sad that your friend is having bankrupy problems, but it won't fix the situation to have BOTH of you in the poor house! Tell your friend you changed your mind and if they are a true friend, they will understand. Friends don't let friends waste money! Best of Luck--Jo

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If a friend is declaring bankruptcy is it wise for me to deposit a 10000.00 check into my account for that friend?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Landlord filed for bankruptcy what about your deposit?

Some states have rigid laws about how a landlord is to handle a security deposit. In Massachusetts, for instance, he has to put it in a special account, protected from his creditors. Find out what the local law is, and if he has violated the law, you can sue him for return of the deposit, although that may not help you at the Bankruptcy Court. If he has not mishandled it, and you are still there, he has no obligation to pay it back to you, and his bankruptcy has nothing to do with you.


What banks in Colorado will open an account after bankruptcy?

open an account online at bofa.com . FREE CHECKING ONLINE AT BANKOFAMERICA.COM. ACCESS ATMS , DIRECT DEPOSIT, YOU CAN ORDER BANK BY MAIL KIT TO SEND DEPOSITS BY MAIL OR DO DIRECT DEPOSIT .


How do you deposit money Mafia Wars?

to deposit money in the bank you need more than what you want do deposit because the bank charges 10% of what you deposit. for example you want to deposit 1000000 dollars, you must posses 1100000 dollars to have the 1000000 dollars put in the bank.


What will happen to your direct deposit while filing bankruptcy?

Direct deposit of any monies while filing for Chapter 7 bankruptcy are safe. However, under Chapter 13 bankruptcy, an automatic payment may be required to the trustee from a direct deposit of wages and other sources of income.


How do you deposit money in an account?

you can deposit at the bank


Why is investec commercial bank a deposit taking intermediary?

It have a variety of deposit account, such as check account, savings and time deposit


Can a bankruptcy court open your safe deposit box?

Yes


Can you open an account in US and have a person from UK deposit money in that account?

Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…


Can I deposit cash in someone esle's checking account?

Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…


What does dda mean in ATM transfer to dda number?

DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.


What is the difference between a current account and a call deposit account?

You can withdraw cash at your call deposit account at any time if you have a call deposit account. The current account has the sum of the income of the goods and service less the expenditure.


When a proof of claim form is a credit of money on an account is it a secured claim a unsecured priority claim or a unsecured non priority claim in a bankruptcy?

Presumably your talking about a credit in a general trade or deposit type account, (not a payroll matter, rent deposit or something on the priority list), it is simply an unsecured non-priority claim.