credit cards this month? I already bought alot last month and this month is it ok?
2006-12-28 13:32:09 · 9 answers · asked by LiLi 2 in Business & Finance ➔ Credit
It depends on if it a chapter 7 or 13. With a 13 you have to set up a payment plan and stay on budget which means the items you are charging now will still have to be paid (at a percentage- 80%?). If it's a 7 then that means all of the debt is charged off. Tthe judge has to okay your bankruptcy either way and I wouldn't want anything to hold me back from his approval. I wouldn't do it if it could be happened.
2006-12-28 16:46:51 · answer #1 · answered by allisoneast 4 · 0⤊ 0⤋
So, do you have any morality, or do you just think it's OK to steal? Not only would that be immoral, but it won't work. Even if you file for bankruptcy, YOU CAN'T KEEP WHAT YOU DON'T PAY FOR. Not sure about your state, but many states have a bankruptcy law that only allows you to bankrupt OLD debt.
Your next problem is, and judging by your question will affect you deeply, that you can only file bankruptcy like ONCE in 13 years. If you don't change your spending habits, you'll be deep in debt again within 3 years I'd say.
2006-12-28 13:38:54 · answer #2 · answered by qfrasier 2 · 0⤊ 1⤋
Hello:
Please consider speaking with a credit & debt expert before filing for bankruptcy. Many times your situation can be rectified without this drastic solution. I honestly see so many requests from people who want to find a way to get their bankruptcies removed from their history. There is no legitimate way to remove them early though.
There are legitimate--legal ways to handle your debts though. Are you sure you have exhausted all strategies for doing so?
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2006-12-28 13:55:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Actually that is called fraud, and in many cases you must repay that debt because a total liquidation is not a for sure thing . The judge has to rule in your favor Only he can decide if you can do a 13 or 7.
Kourtnie Donihoo
The E.D.A. group
8666050753
2006-12-28 13:55:16 · answer #4 · answered by Kourtnie D 4 · 0⤊ 0⤋
And if I remember right, the laws on credit cards have changed. You still have to pay them back.
2006-12-28 13:35:40 · answer #5 · answered by Voice 4 · 0⤊ 0⤋
In court if you are seen running up bills right at the end you still may owe money after the bankruptcy.
Be careful
2006-12-28 13:45:35 · answer #6 · answered by seriousddneeded 3 · 0⤊ 0⤋
you might want to speak to an attorney regarding the recent bankruptcy law changes.
2006-12-28 13:58:39 · answer #7 · answered by singledad 7 · 0⤊ 0⤋
I've heard that the judge will look upon this unfavorably....good luck!
2006-12-28 13:34:16 · answer #8 · answered by curious! 2 · 0⤊ 0⤋
no it's not ok
2006-12-28 13:48:27 · answer #9 · answered by Anonymous · 0⤊ 0⤋