To protect Mom

[reagantrooper]

I am on the verge of filing BK 13. I have a CC that me and mom have had for 10 years. The balence had been 0 for many years untill 3 mo ago when they sent me some checks that had an APR of 3.99 for the life of the bal so I transferd $8K from other cards to this one with the intent to pay it off in 4 years.Well best laid plans fail. Mom is primary card holder.

Now I need to file I dont want to screw mom so I have filled out the form to remove her from this card but I dont think the CC company will do this. Why would they?

I need to file before 10/9/04 as I am getting married and I dont want to get her involved in this BK.

So I plan on in efect reverseing the balence transfer by tranfering the $8K to 4 other CC @ $2K each. I need to do this ASAP like in the morning.

With me filing so close to this tranfer will this efect things much?

Thanks for the input!

[jasmin]

If she is primary, they can't take her off, only you. They would only take her off if she's a n authorized use, not a co-signer or primary.

[liz417]

I wouldn't be transfering anything until you clear this with your attorney. It could be viewed as fraudulent and your bk case can be dismissed. I think regardless, your mother will be on the hook for the balance (if she's the primary) if you file for BK.

Good Luck!

[fltoo]

Thread is 4 years old.