I took a cash advance of $8K about 2 weeks ago to pay closing costs on the house I was selling. Of course, the house was underwater and I had an interest only loan, but I was happy to avoid foreclosure.
My question is: What impact will this have on my chapter 7 or 13 filing that I am planning? I will meet with an attorney soon. Do cash advances cause problems when filing because that is what most of my debt is? I financed a lifestyle I couldn't afford for too many years.
Thanks for the input.
My question is: What impact will this have on my chapter 7 or 13 filing that I am planning? I will meet with an attorney soon. Do cash advances cause problems when filing because that is what most of my debt is? I financed a lifestyle I couldn't afford for too many years.
Thanks for the input.
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