In a chapter 13, I know the 70/90 day rules still apply. My question is, if you have made a purchase for more than $500 that may be considered a luxuary item, should I keep paying that card till it's past the 90 day mark? Or can I stop and just wait to file after the 90 day mark has passed?
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Filed Chapter 13 05/23/08
Converted to Chapter 7 Jan 2012
Discharged April 2012
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Don't bank on the 70/90 rule....some Trustees look back six months and others can go back for one year (as ours did). Also creditors are also going back further if they suspect fraud._________________________________________
Filed 5 Year Chapter 13: April 2002
Early Buy-Out: April 2006
Discharge: August 2006
"A credit card is a snake in your pocket" -
It isn't the norm, though.....but you're right. Had I known then what I know now, I'd of never filed so soon..Originally posted by Flamingo View PostFiled: October 1, 2007 341: December 10, 2007
CONFIRMED: December 10, 2007
Payment: $825 / Mo. for 5 Years-29 MONTHS OF Pmts Down 23 to go!Comment
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majormike, what do you mean "it isn't the norm"? Are you talking about the lookback after 90 days?Filed Chapter 13 05/23/08
Converted to Chapter 7 Jan 2012
Discharged April 2012Comment
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