I'm in the situation where bankruptcy is a must, but i still have a bout $1500 left on a large limit credit card. Could I use this or withdraw it before i go bankrupt or can it be used against you in some way??
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Doing such an act and filing BK too soon would cause some issues. You wouldn't get into "trouble" but you would be responsible for any charges and/or cash advances. On the other hand, if you do choose to use this remaining available credit (and I strongly recommend that you don't), you'll need wait to file (I believe it's 6 months).Bankruptcy History:
Chapter 7 filed - 10/12/2005 - Asset
Discharged - 02/16/2006
Case Closed - 11/08/2007
A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain
All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation. -
Thank You for your swift reply, i appreciate it. I think i'm going to follow with your advice and steer clear of using it to avoid any complications. Feels good to be using an adult forum and get people looking to truely help. Thank You!Comment
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