Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Use of Business Credit Card

  • Filter
  • Time
  • Show
Clear All
new posts

  • Use of Business Credit Card

    I am the sole member of a LLC. I use my business credit card for business travel and expenses. If I file bankruptcy, I'll list the credit card since I personally guaranteed it. However I have used the card recently, and I've charged more than $3,000 in the last month (again, for business travel and expenses.) I realize that the LLC will still be responsible for the debt, regardless of what happens with my personal bankruptcy, however I'm trying to avoid an adversary proceeding. My question is, in order to get the debt discharged against me personally, will I have to wait 90 days from the last charge before I file? Or will I have to wait six months due to the large amount of charges? Of does it not matter, since the LLC will continue to make payments and continue to be responsible for the debt?

  • #2

    Most likely, your LLC and your credit card will not survive. You're going to need to get in 90 days. And once again.........

    All information contained in this post is for informational and amusement purposes only.
    Bankruptcy is a process, not an event.......


    • #3
      Thank you frogger for your advice. It sounds like you are saying that a 90 day window between the last business charge and the day I file is all I need. I've read many posts about the LLC not surviving. This is opposite of what my attorney told me. According to several bk attorneys in my area, as long as the liabilities of the LLC exceed the assets, the trustee will abandon the LLC. In order for a trustee to keep any of the money from selling the LLC assets, he or she must first pay off all of the creditors of the LLC. It doesn't make financial sense for the trustee to go down this route if the liabilities meet or exceed the value of the assets. Does anyone have any thoughts on this?


      • #4

        3K is not a paltry sum. Are you saying your card owes more than your business is worth? As Frogger said, stop using that card. May I add like two years ago stop using it. 90 days is not a magic number and the Trustee could go back some much longer time. In my opinion, and I don't mean to rain on your parade, but you are prime for an AP. I hope you don't get one as an AP can survive your bk even if your bk is dismissed. It could cause you a Judgment that could never be discharged in any bk of the future. I would do some real conversing with your lawyer. If it looks as if your Trustee can take you LLC, I would suggest sell what you could under the LLC and pay that card off with LLC funds (keep it separate of your name so it does not become preferential). Then go forth to seek your new start. Attempting to keep the LLC and naming that card in your personal bk could look mighty suspicious and you can't have your cake and eat it too. It would "appear" to look like working the system. I know you are not but they don't. 'Hub
        If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.


        • #5
          I think the best thing to do would get financial advice from specialised financial advisors, there are many debt consolidation and bankruptcy websites that are willing to offer free debt advice.
          Link Removed By Moderator


          • #6
            Originally posted by Abbie64 View Post
            I think the best thing to do would get financial advice from specialised financial advisors, there are many debt consolidation and bankruptcy websites that are willing to offer free debt advice.
            Damn spammers............
            All information contained in this post is for informational and amusement purposes only.
            Bankruptcy is a process, not an event.......


            • #7
              Originally posted by frogger View Post
              Damn spammers............
              same person that was posting the same inane comments a few months ago. Don't people have better things to do with their time?!
              Filed Ch 7 Pro Se 11-18-2010 341 Meeting 12-16-2010 Discharged 2-15-2011
              New Job 7-2011


              Unconfigured Ad Widget