challenging my debt

[edward123]

Hi,
My debt is around $300K. $150K of it is to one credit card company. It is mainly a business debt and I haven't used their CC for the past 3-months. I have 2-questions:

- If I file Chapter7, do you think they will try to challenge as my debt is about $150K? What can they do?

- Can they do their own investigation on their own, such as talking with my business customers, my neighbours, my friends, etc?

- If one credit card company challenges and wins, does the whole bankrupcy case not discharged or is it just that credit card company's charges being not discharged?

Thanks

Ed

[FilingOnMyOwn]

You need to talk to several lawyers. It all depends. If the last charges are over 6 months old, that is usually ok... but the trustee may still ask where the money went.

[keepmine]

Creditors conduct asset searches. There are a lot of databanks available.
For $150K, I don't think there is any question that they'll ask some questions.
You really need to lay out the entire picture to an attorney.
A high dollar bk will get attention from both creditors and the trustee.

[JeepMom]

I'd think for $150K they are going to want some stuff to auction off.