In here, advances for expenses for liquidation is already overdue for almost 1 yr. no receipts were shown as proof of expenses. should it be provided this with an allowance for uncollectible? please help me.

You should ask the liquidator for an update on the status of the liquidation, and when he expects the liquidation to be completed. You’ll get your answer from there. Or if he doesn’t even bother to respond, you should write off the amount as a bad debt.

I can go to a place that has no cash advance fees but would like to build up points to purchase things. I just want to make sure I am not breaking any law

There’s nothing illegal about it. But it just doesn’t workthat way. Go back and read the fine print on your credit card agreement. Those reward points only apply to purchases, not cash advances.

Also, if you take a cash advance, the credit card will charge you a cash advance fee of 3% to 5%. cash advances are ususally at a higher interest rate and interest starts to accrue immediately. The interest free grace period is only for purchases.

Some rewards programs will allow you to pay utility bills and treat the charge as purchase. But double check with the utility company. A lot depends on how they process the charge.

I am worried about job loss and need we need money for daycare, gas money, etc.

We are already in debt. If I were to take out large advances but were unable to pay it back, what would happen?

I understand a judgement could be brought against me, but couldn’t you just declare bankruptcy?

CAREFUL: It is bankruptcy fraud if you incur new debt that you have no intention to repay (i.e., after you know that you need to file bankruptcy).

There can be a thin line there — if you incur new debt that you absolutely DO (realistically) intend to repay because you DO intend to actively seek and obtain new employment with sufficient remuneration that you can realistically expect to repay the debts you incur — then that is probably not fraud, even if something happens and you don’t obtain that new employment you’d been counting on.

It is NOT bankruptcy fraud to be aware of the bankruptcy laws, and to know somewhere in the back of your mind that if worse comes to worst, at least you won’t wind up in debtors’ prison in the United States, because we don’t have debtors’ prisons here.

But it IS bankruptcy fraud to borrow the money with the intention of filing bankruptcy at a later date.

For more information talk to a bankruptcy attorney (most offer one free appointment) to discuss the specifics of your situation — and also to discuss the specific differences between non-criminal "bankruptcy planning" and criminal "bankruptcy fraud" - the distinction between which can be confusing for most non-attorneys.