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    #1

    Is it ok...?

    I have an appointment with a lawyer about filing bk. I think I am eligible to file Chapter 7. I would like to buy a cheaper car to keep out of the BK. What my question is...is there a certain amount of time that I should not be charging on my credit cards or financing anything before filing BK?
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    #2
    This has been beat to death! Read the prior posts and you'll find your answer. You may also learn the other things you need to know.

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      #3
      Originally posted by Estabinki View Post
      ...is there a certain amount of time that I should not be charging on my credit cards or financing anything before filing BK?
      To shift the burden of proving that you did not intend to pay back whatever new debt you took on from you to your creditors, the current bankruptcy law states no new charges for at least 90 days on your credit cards before filing and no cash advances for at least 70 days before filing.
      I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

      06/01/06 - Filed Ch 13
      06/28/06 - 341 Meeting
      07/18/06 - Confirmation Hearing - not confirmed, 3 objections
      10/05/06 - Hearing to resolve 2 trustee objections
      01/24/07 - Judge dismisses mortgage company objection
      09/27/07 - Confirmed at last!
      06/10/11 - Trustee confirms all payments made
      08/10/11 - DISCHARGED !
      10/02/11 - CASE CLOSED
      Countdown: 60 months paid, 0 months to go

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