Hi Brighterdays,
Yes, I have continued to make min. payments on all cc's (8) that will
be included on my creditor matrix when I file on May 1.
I realize that there are those who would advise that one stop payments,
but in my particular situation, including my resolve to rebut any objections,
I feel that it's more important, as a demonstration of intent or "good faith",
to continue to make min. payments (at least for the 5 months preceding filing).
This, it appears to me, would be more consistent with my assertion that, at
the time the debts/transfers were incurred, I fully intended to pay them, and
was not contemplating bankruptcy.
I would add that as I have no nonexempt assets at stake, no secured loans,
and my case is as "uncomplicated" as any I've seen, I'll be filing Pro Se and,
as my monthly income is well below 150% of the "poverty level", I'll be applying
for waiver of the filing fee.
I would also choose to oppose any AP that might arise, as, even if the creditor
wins an AP, the debtor is not liable for the court/legal costs.
My general plan is to devote all the time required to ensure that my petition
is 100% complete and 100% truthful (hence provable).
Then I'll have to let the chips fall where they will and hope for the best!
Yes, I have continued to make min. payments on all cc's (8) that will
be included on my creditor matrix when I file on May 1.
I realize that there are those who would advise that one stop payments,
but in my particular situation, including my resolve to rebut any objections,
I feel that it's more important, as a demonstration of intent or "good faith",
to continue to make min. payments (at least for the 5 months preceding filing).
This, it appears to me, would be more consistent with my assertion that, at
the time the debts/transfers were incurred, I fully intended to pay them, and
was not contemplating bankruptcy.
I would add that as I have no nonexempt assets at stake, no secured loans,
and my case is as "uncomplicated" as any I've seen, I'll be filing Pro Se and,
as my monthly income is well below 150% of the "poverty level", I'll be applying
for waiver of the filing fee.
I would also choose to oppose any AP that might arise, as, even if the creditor
wins an AP, the debtor is not liable for the court/legal costs.
My general plan is to devote all the time required to ensure that my petition
is 100% complete and 100% truthful (hence provable).
Then I'll have to let the chips fall where they will and hope for the best!
I have done it only a few times, but found the 2-3 week processing period counter productive. Plus I was just showing an alternative to cash advances. Yes with anything else, it can be abused. I would rather have a couple small charges show up rather than one huge lump sum Cash advance. A lump sum cash advance is almost always a red flag. I found this on fatwallet.com and slickdeals.net. If you are planning on BK'ing it then yes it is most certainly fraud and should be avoided. If you are doing it to get by until better times, then it is nothing but common sense and the most logical way to do it. Not to mention the rewards, miles and cashback you get.
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