Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

New FAQ on Creditor Objections!

This is a sticky topic.
  • Filter
  • Time
  • Show
Clear All
new posts

  • #31
    First of all, any settlement has to show that you have assets. If your doing a chap 7, you don't have assets. Any attorney worth anything will advise his clients not to reaffirm on anything, that means anything. Once you reaffirm or reach some other agreement, then you show you have some extra cash. Now you bring into question rather or not you qualify for a chap 7, and may get thrown into a chap 13. I know a couple people that ran up 30k and more on their credit cards before filing chap 7. If there is a challenge, the excuse of robbing peter to pay paul is a good one. Another good one is "lost it at the casino". Those are uncollectable. If on the other hand someone who just went on a shopping spree, then it is possible they may have to turn over what they bought, but that's as far as it will go, and then only if the trustee sees fit to do it and the items can be sold easily to raise cash. It all gets thrown back on the credit issuer since they should have stopped or froze the account before it got that far out of hand. They too have responsibilities, and trustees hold them to their rules very tight. One fella I know took a 10k advance to pay on a line of credit 30 days before filing chap 7. The trustee grabbed back the 10k and distributed it evenly to all creditors. Total cost of doing this was over 6k, lawyers, trustee, and courts. Leaving only 4k to go to all creditors. If you lost it gambling or partying, there is nothing to go after. Doesn't look very good, but honestly not much that can be done.


    • #32
      oh, I forgot. The suggestion that jb4lcm gave about waiting 90 days is excellent!! That way there is absolutely no question and if someone does object you can throw it right back to them, "why didn't the creditor stopped the credit before it got bad?"


      • #33
        Last edited by spearmint; 06-06-2010, 09:51 AM.


        • #34
          Thanks for this thread and the FAQs.

          I didn't know any of this & was scared to death when I first read about the charge card usage etc but maybe it is not as bad as I think after reading this thread.

          I did a balance transfer to stay afloat when my income dried up about 4 months ago and I cannot pay the mininum on that card anymore. I have another card that I continue to use though, because otherwise I would not be able to buy food/medicine. I am worried about this but not as much as when I first saw the FAQ about this stuff.
          Well, when you're married, you'll understand the importance of fresh produce.


          • #35
            Once you file all of your credit will be frozen almost immediately. It all goes over the internet now and happens very quick. As long as your using the card to keep afloat I don't think you have to worry. That is really the normal thing, every bankruptcy has that same problem. You have to get a way to take care of the necessities after you file though cause that card will in all probability be canceled within 48 hours.


            • #36
              Originally posted by edwinhil View Post
              You have to get a way to take care of the necessities after you file though cause that card will in all probability be canceled within 48 hours.
              Thanks, that is important, something that makes 100% sense, but I didn't think of it. I need find a way to stockpile some cash to live on I guess, take a job at minimum wage, anything....
              Well, when you're married, you'll understand the importance of fresh produce.


              • #37
                That's exactly what I had to do too. It's tough and you really have to discipline yourself. Watch every penny, and consider a trip out to Mcdonald's or burger king a luxury. Cut out the cable tv, turn off lights, try to not run the air as much. Your not in this alone, there are literally millions in the same boat. Hopefully things will start getting better soon.


                • #38
                  Thanks. Stopping the cable TV is something I forgot - that's $60 a month right there. I need to do that.

                  Believe me, I haven't been eating royally, I've been really skimping on eating (no appetite anyway), lost 15 pounds in last 2 months and I was already pretty skinny....soon I will be down under 130 lbs, pants won't stay up without belt anymore. Guess this is known as a pre-bankruptcy diet.
                  Well, when you're married, you'll understand the importance of fresh produce.


                  • #39

                    Ok, now this thread has got me wondering/worrying, To Wit: my trade is construction and have been out of work since June 2010. Since mid 2007, held multiple CC debts totalling aprox $22K and was making well over the min payments in an effort to pay them off. By mid 2008 the CC companies doubled the interest on all my cards while they screamed for their bailouts. At that time, realizing I was one of the lucky few to still be gainfully employed, I stopped paying over min CC payments and began stashing cash back for the inevitable end of project and final layoff.

                    Since I'd known of so many other guys, some of whom had been out of work for a year or more, going down the BK road, I figured by saving 1 years worth of living expenses I could weather the storm. Aside from using the C-Cards a bit more than I should, Plan A worked pretty well for a while... but I really didn't have an effective plan B other than just waiting and hoping for some of the big projects to finally break. My Plan C was at the time considered un-thinkable--- if I don't get any work, if money runs out--- just file for BK like everybody else.

                    So here I am almost a year later with savings down to the last $1500 and all my cards maxed out to over $30K. This looks like the end of the line for the CC cards and BK road for me. Have not missed any payments at all since my layoff in June '10 and have NOT filed for BK yet. Unempolyment currently pays the rent and utils with a few bucks left over for food.

                    So what's my worry? Looking for a way to make some cash on the side I bought a pick up truck for $2400 around July last year on C-card. And to augment that--- in Dec last year I bought 2 trailers for aprox $1000, also on the C-card. They haven't produced the cash I thought they would and in fact, they've cost me money.

                    Question: what is the likelyhood that either of these purchases will raise objections by the C-card companies to discharge these debts? Other than that, charges compiled on the C-Cards over tha last year are the usual run of the mill stuff, no lavish vacations, no jewelry, etc., nothing that could not be justified for my work or potential ability to make money. But after reading this thread it's given me sleepless nights bigtime. I have NOT talked to BK atty or stopped paying C-C's YET, although I can hardly pay them another month unless I begin selling some other assets.

                    Apologies this post being is so long. Any comments would be greatly apprecited.


                    • #40
                      Over one and a half million Americans file for bankruptcy each year and so do thousands of businesses. Debt Reduction is the best alternative to filing and avoiding bankruptcy.


                      • #41
                        Hi I could use some help. My current BK atty does not know the answer. My former business partner fraudulently stole the assets to my company. I had to file personal bk chapter 7 in November of 2010. My former partner's atty helped objected to our bk and filed a 727. We had our trial in Jan of 2014. His 727 was denied. My problem is this. I would like to refi my home mortgage. They want 4 years since the BK was "discharged". Since we won on the 727 in Jan of 2014 that was the date of the discharge. Since the 727 was filed in my humble opinion to increase my legal fees and delay my BK, may I ask the court to move the discharge date back to what it would have been? Thank you for any help or support.


                        Unconfigured Ad Widget