Creditor filing a lawsuit against you

[JRScott]

If you when applying for the credit card lied on the application about income level, or perhaps whether you owned your home or not, then they would have a case because you committed fraud. However if you filled out your application fully honestly at the time then there is no way to object on the grounds of the application.

Objections based on this are rare. If your debt is very old also they probably don't even have the original application anymore.

[NotFun]

so you guys think if there were any credit card activity within 3 months of filing, they'll be a problem?

[lrprn]

so you guys think if there were any credit card activity within 3 months of filing, they'll be a problem?

The current bk law states that debtors will be required to pay all charges made to credit cards for “luxury goods” ($500 or more) that were made within 90 days prior to filing bankruptcy.

The rub comes in how your creditors will define "luxury goods".

That's why it's best to stop all charges within 90 days of filing. Why take the chance?

Frankly unless your wages are being garnished, if you can't live on what you make for 90 days without your credit cards, then filing bankruptcy isn't going to help you much. If you find yourself not able to make it without using your cards, then you have only two choices - cut expenses or make more money.

[NotFun]

ha-ha... very true.

See it's not so much my credit cards, it's more like my mortgages. Those f'ers are a killer.

But I get what your saying, so I really need to look to make sure no big ticket items where purchased.