How often do creditors object?

[Dennis1971]

After reading several stories on here I am sorta worried about some of our creditors objecting. Our attorney is not worried about it and wants to go ahead and file next week, we have only used our CC's for about $500 for necessities in the last couple months, probably about 60 days ago. He said he only worries about large luxury purchases. I read a few stories where people had creditors object and they had to pay 100% of the amount back to them. For instance we took out a $30,000 unsecured loan last year from BOA. My wife told them when we she took it out that we were going to immediately transfer other CC's onto this card, that was the reason we got it.
We took this card out in Aug. and quickly transferred other balances on it. We have faithfully made all payments on this card up till now. Now we are throwing in the towel and are going to try to file chapter 7 next week. I have read horror stories on here - where people didn't go into detail, but they had creditors object and got stuck paying back 100% of the debt that the creditor had objected on. I just don't get how they can object and I can get stuck with the bill. If a bk is a legitmate process and I am protected by law then how can a creditor object? I understand if somebody does something fishy - like going on vacation right before they file, but we didn't. How exactly does a creditor claim that someone is abusing the system? I could see if you intentionally run up your charges or use the money for luxury. Just worried here. dennis

[AngelinaCat]

Hi Dennis:

I'm certainly no expert, but here is my take. It looks like you took the new card out 10 months ago, and was up front with everyone. If you have a *GOOD* working /talking relationship with your attorney, (we don't) then I would trust him or her. I would keep all reciepts of purchases made and statements for the last 6 months, and you will probably do fine.

Our BK was challenged by an 'enemy' who filed an Adversarial Proceedure against our BK. The kicker is that he isn't even a CREDITOR to us, and we owe him, no debt, lien or anything else. Nor does he have a judgement against us. He does have a stale 5 year old open lawsuit against us that he wants to try in BK court. We have to defend against it which costs MONEY. Defending against this guy's harrassment is one reason why we are in BK. But I digress....

You will probably be fine. Good luck.

[deafbroke]

If your attorney is ok with things, don't worry. Just do what he says.


DB

[CindyLou]

You case does not sound like it has anything that would be objected to. Your attorney shounds like he is up on things....