How much is to much to avoid fraud? Especially with CC. What are the best tips to acvoid fraud, when filling chapter 7?
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Below are the four major aspects that will be reviewed for fraud.
Income to debt ratio
Type of items purchased via credit
Time frame of purchases, and filing of Chp 7
Reason for filing Chp 7
To more clearly answer your question, there really isn't a specific amount that warrants fraud. But if you're yearly earning is say, $25,000 and your trying to discharge $100,000 + of unsecured debts, you're petition is going to raise a red flag!
Good Luck!The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.
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