New here, nervous with bk timing questions

[tobee43]

Merry Christmas to you and yours also!! Have a safe trip.

thanks! we will, i hope!!

[Freddy03]

see freddy!! i just knew you get a few for Christmas. we get them every single day!!

OH!! and if i don't get a chance since we are leaving tomorrow for the holiday have a very merry happy!!!

Merry Christmas to you and yours also!! Have a safe trip.

[tobee43]

I received 2 credit card offers in the mail yesterday....LOL!!! They went right in the trash

see freddy!! i just knew you get a few for Christmas. we get them every single day!!

OH!! and if i don't get a chance since we are leaving tomorrow for the holiday have a very merry happy!!!

[Freddy03]

i'm sure you'll get one for Christmas LOL!!

I received 2 credit card offers in the mail yesterday....LOL!!! They went right in the trash

[AngelinaCatHub]

LOL!! I was just thinking my credit must be really really bad b/c I'm 2 months post discharge and haven't received one credit or car offer in the mail.

pheeew I'm glad you cleared that up. You are a long timer waiting to file then worrying (like all of us). I could not believe you would spend big bucks before your discharge. Why did I get you mixed with the OP? Must be the memory thing again. "What's her name" just brought me my morning coffee. Hey, where'd I put that cup? 'Hub or whatever.

[tobee43]

LOL!! I was just thinking my credit must be really really bad b/c I'm 2 months post discharge and haven't received one credit or car offer in the mail.

i'm sure you'll get one for Christmas LOL!!

[Freddy03]

come up freddy, you've been shopping again, haven't you?? LOL!!!! been at mall eating 6200 worth of pizza, come on, you know it's the truth!!!

LOL!! I was just thinking my credit must be really really bad b/c I'm 2 months post discharge and haven't received one credit or car offer in the mail.

[tobee43]

LOL No not for me. Shoot I didn't use my credit cards for almost 2 years before I filed...lol

I was just wondering for the OP sake. Because I was never asked by the trustee to see credit card statements but my attorney sure did reason being that if there was a purchase made he wanted to make sure the item was exempted and listed in my house inventory.

come up freddy, you've been shopping again, haven't you?? LOL!!!! been at mall eating 6200 worth of pizza, come on, you know it's the truth!!!

[Freddy03]

Hi all,

Just made the big decision that after many years of denial I am headed for BK. I am meeting with a lawyer beginning of January but am hoping to get some expert advice re: timing before then. Here's my story:

Owe $35K on cc's. Due to a recent pay cut I can no longer make my cc minimum payments which are about $710 per month. Actually, at the end of the month I have about $25 after paying all other bills. I am under the median income by about $10k per year so should not have a problem filing chap 7. My problem is some charges that I made before my pay cut. Here's the timeline:

September: Sold $13k in private stock. Used all but $400 to pay off Amex.
October 15: Large purchase on paid off Amex ($6200). This was a luxury purchase - no question.
November 10: A/C unit dies - New one put on same AMEX ($3850). Pay cut goes into affect. Put car insurance and other assorted bills on same Amex. Amex balance back up to $17,500. Try to sell remaining stock to pay it off. Told by company that they are not allowing any sales at this time.
December: Realize we are in real trouble here. Try to stop using credit cards but used the Amex once last week for food.

So, we have officially stopped using our credit cards. I know we need to put a period of time between those charges and filing. Will it help us that we paid that credit card $12,500 in September? Will it at least show that we had no intention of filing (we really didn't). Finally, how long would you wait to file and would you pay the Amex if you had the means to until you filed? Not sure that we will but we will be getting our tax refund in 6-8 weeks so that will help...

LOL Hub I was quoting the OP. I haven't used credit cards in 2.5 years

[Freddy03]

Yes Freddy this could be questioned. I'm not understanding the reason for your post. You are discharged. I doubt if it means you, the Trustee will bring it up again. It is too late for an AP for this item, but a Trustee could reopen a case if fraud is at all suspected. Keep a low profile if this occurred to you. LOL. 'Hub

LOL No not for me. Shoot I didn't use my credit cards for almost 2 years before I filed...lol

I was just wondering for the OP sake. Because I was never asked by the trustee to see credit card statements but my attorney sure did reason being that if there was a purchase made he wanted to make sure the item was exempted and listed in my house inventory.

[AngelinaCatHub]

HMMMMMM Freddy five days before your discharge? You are not allowed new debt without permission until you are done. I still say, don't sweat it. Just don't show it off to your friends. LOLOL. It will get by. 'Hub

[AngelinaCatHub]

Question:

"October 15: Large purchase on paid off Amex ($6200). This was a luxury purchase - no question."


Is this going to be an issue? FL has pretty low exemptions.

Yes Freddy this could be questioned. I'm not understanding the reason for your post. You are discharged. I doubt if it means you, the Trustee will bring it up again. It is too late for an AP for this item, but a Trustee could reopen a case if fraud is at all suspected. Keep a low profile if this occurred to you. LOL. 'Hub

[tobee43]

Question:

"October 15: Large purchase on paid off Amex ($6200). This was a luxury purchase - no question."


Is this going to be an issue? FL has pretty low exemptions.

true! but i know that our trustee really wasn't interested on any charge over 90 days old. maybe we lucked out???

but 6200 is a large amount, but if the 90 rule applies, i mean what can they say since it was months before. i guess worse thing could be, the trustee sell that 6200 item?

[Freddy03]

Question:


Quoted from OP - Jimisbroke:
"October 15: Large purchase on paid off Amex ($6200). This was a luxury purchase - no question."


Is this going to be an issue? FL has pretty low exemptions.

[tobee43]

LOL!!! hub i didn't see you there !!!

GMTA!