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I have several credit cards and will be filing for bankruptcy very
soon. Can I max out my cards before
The federal bankruptcy laws include exceptions
for discharge. If you charge in excess
of $1,150 within two months prior to filing for bankruptcy, your trustee and
the bankruptcy court may prevent you from discharging that debt.
card companies can challenge the discharge of their debt by filing an adversary
proceeding claiming that the debt was incurred by fraud and should be excluded
from discharge. This is sometimes called
a “non-dischargeability action”. Credit
card debt may be non-dischargeable in bankruptcy if either of the following is
longer the length of time between your credit card usage and the bankruptcy
filing, the less likely it will trigger a challenge regarding dischargeability. You should seek advice from an attorney
specializing in bankruptcy law for further information.
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