Maxing credit card before bankruptcy?
Thursday, February 5th, 2009
Em’Rae asked:
If we file Chapter 13 bankruptcy to get some debt relief we’ll still have tons of school loans left to repay. We’re thinking of using our $13,000 credit card to pay off one of the school loans and then including that card in the bankruptcy. Are there any laws that would prevent this or is there any reason you can think of that this wouldn’t be a good idea?
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If we file Chapter 13 bankruptcy to get some debt relief we’ll still have tons of school loans left to repay. We’re thinking of using our $13,000 credit card to pay off one of the school loans and then including that card in the bankruptcy. Are there any laws that would prevent this or is there any reason you can think of that this wouldn’t be a good idea?
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