credit card payments after you file bk

[bkfiler]

i cant remember the rules on paying credit card payments after you file a bk?

can you send in a payment?

can you pay it off?

its a $400 balance.

is there a limit to how much you can pay before its preferential?

wow, ive gone full circle and have forgotten what i learned at the start

[quest42]

Hey, why would you want to pay it, since it will be discharged in a few weeks, yes?

I think you should not pay anything after you file except for secured debt like a car you want to keep, utility bills, etc... any unsecured consumer credit debt should not be paid after you file. RIGHT?

[bkfiler]

well yes but i wanted to keep this one for whatever reason.

anyone know the rules on this about payments still being made and size and such?

[AAAArt]

You can choose to re-affirm it, but there's no guarantee that they won't drop you after it's paid or change the int. rate. Some cc co's will make deals with you. One that had recently bought my cc and raised the int. rate to 29.9% and told me that there was nothing I could do about it, just offered me a 0% rate if I would keep it.
We also "forgot" to list a store cc, but it had a zero balance and they don't charge any interest.
If you re-affirm or make any deal with them, be sure to read the fine print. Art

[bkfiler]

ok good points. do they send the re-affirmation letter or do we?

what im actually wondering is making payments to them before any re-afformation agreement or whatever.

can we send payments and what size is considered preferencial?

i cant recall where i read this info. is it anythign over $600. memory is gone lol.

[StaciMM]

Payments over $600 total within 90 days of filing is considered preferential.

If you didn't 'forget' to include the card then they've probably already marked your account as included in bankruptcy. (Assuming you filed before 10/17, they received your notice 2+ weeks ago.) I'd suggest that you NOT send them $$ without getting something in writing that they will allow the account to stay open & continue to report.

Your better bet would be to set that $400 aside, and if you can't get a regular 'rebuilder' type card after the BK is over, then put it into getting a secured card. At least that way, the money is still yours.