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Chapter 7 Need Advise!

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    #1

    Chapter 7 Need Advise!

    I RECENTLY FILED CHAPTER 7 ON APRIL 4, 2005. I HAVE OVER $27,000 IN CREDIT CARD DEBT, JOINTLY W/ WIFE. EVERY PAYCHECK IS ALREADY OWED WHEN WE RECEIVE IT. MARRAIGE IS STRAINED AND MAY BE OVER. WE AGREED EVEN IF WE STAY TOGHETER WE NEED RELEIVE. BEFORE THIS CONVERSATION I HAD MADE A NEW PURCHASE ON A NEW CREDIT CARD ISSUED TO ME AT AN ELECTRONIC STORE. THEY GAVE ME $5,000 CREDIT ON THE SPOT. I SPENT $2,300 ON PLASMA TV. ABOUT 3 WEEKS AFTER PURCHASE MY WIFE ANNOUNCED TO ME HER INTENTION OF LEAVING ME BECAUSE OUR RELATIONSHIP WAS SEVERLY STRAINED TO THE POINT SHE WAS LEAVING. I DON'T KNOW IF THIS PURCHASE WILL BE A PROBLEM? WILL THEY SEE THIS AS AN ATTEMP TO DEFRAUD THIS CREDIT CARD. THE MERCHANDISE IS NOT RETURNABLE IT'S THE STORE POLICY. I DON'T KNOW WHAT WILL HAPPEN? ANYONE WITH ADVISE PLEASE RESPOND.

    THANK YOU,
    IN THE DUMPS
    Tags: None
    #2
    I am no expert (meaning you probably want to talk to an attorney), but I beleive they look at combined purchases before you file. This means if you have been running up debt on several accounts and in large figures (greater than $6000 comes to mind), you might be in trouble. In the end though I believe it is up to the credit company to file a complaint with the court then the trustee might do a little digging. Doubtful they will do this though. All the attorneys fees would far outway the grand or so they might get back on the TV.

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      #3
      When exactly did you purchase the Plasma TV?

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        #4
        March 13, 2005. Another thing, I just found out that an automatic payment that is on one of the cards I listed was charged for my XM Radio subscription on March 15, 2005. What can I do? Help!

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          #5
          answer

          Usually new debts within 90days of filing, they won't let you include them. I would suggest you stop using them wait for 60-90 days, if you can , and then file. Otherwise you will probably have to pay it.

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            #6
            Your either going to have to continue to pay the debt for the TV, or give it back, and even then, the deficiency balance may not be discharged.

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