5 months since balance transfers

[enin]

In assessing my projected financial condition, I've determined that I can't
really afford to wait longer than 150 days since transferring balances to
three separate cc's. (two of the transfers were $7,000.00, and the third
was $8,000.00). I have continued to make minimum payments on these
accounts.

I'd be very grateful to hear from anyone who filed between 90-180 days
after transferring balances, regarding their experiences...
Successes, failures, creditor objections, etc.

Hope to hear from you.
Thanks, best wishes and best of Luck!

[TEW]

You should be fine at this point. I would stop paying them and get ready to file.

[enin]

Thanks kindly for your reply, I appreciate it!

[ready2puke]

I have 3 very large BT's with 3 min. payments under my belt. My attorney said because of the amts, I should wait a year...bummer...I told him I'll see him in his office in May for a June 4 th filing. Cant get here soon enough..

[enin]

Wow...a year is pretty tough!
I'm pretty much resolved to proceed with filing after the 5 month wait.
At that point, it's up to the cc's lawyer(s) to file an objection, based
(presumably) on fraud(?), which they would have to prove if I were
to choose to oppose, which I would.
If an AP was, in fact brought, I could, at least testify sincerely, under
oath, that at the time that these debts were incurred, I had every hope
(if perhaps naively) and intention of paying them in full, and the thought
of bankruptcy had never crossed my mind.
Worst case scenario: They file/win win an AP(heaven forbid), and their
debt(s) are not discharged, but I won't be liable for their legal costs.
However, the rest of the case remains intact and the other uncontested
debts will be discharged.
One never knows, but if I had to bet, I'd have to bet that in evaluating
the particulars of my financial condition: nearly no income, no wages to
garnish, and a profound absence of assets, it would not appear to be a cost
/time effective strategy to take it all the way to a full blown AP case.
Stay tuned, right?
The irony is that the above listed factors (nearly no income, no wages to
garnish, and a profound absence of assets) serve both to create the basis for
an objection (presumption that, at the time the debt(s) were incurred, I
should have known I'd be unable to pay them), while at the same time
presenting a very dismal prospect of actually getting anything, assuming
they file, and win an AP.
...a classic case where good news-bad news are one, and the same.

[Logan]

In assessing my projected financial condition, I've determined that I can't
really afford to wait longer than 150 days since transferring balances to
three separate cc's. (two of the transfers were $7,000.00, and the third
was $8,000.00). I have continued to make minimum payments on these
accounts.

I'd be very grateful to hear from anyone who filed between 90-180 days
after transferring balances, regarding their experiences...
Successes, failures, creditor objections, etc.

Hope to hear from you.
Thanks, best wishes and best of Luck!

I made transfers within 180 days and had no problems. I actually did a few of things that people on this board said not to but I had no problems.

This board is great and for me it helped raise questions to my attorney but in the end I listened to my attorney and everything worked out.

Logan

[enin]

Logan,
Thanks for that, and Best of Luck!