Can I Use My Credit Cards Prior to Filing for Bankruptcy

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Издатель Jun 2, 2025

https://akhanlawoffices.com/you-cannot-run-up-your-credit-cards-before-you-file-for-bankruptcy/
Running up your credit cards before filing for bankruptcy can be problematic. Here’s why:
Potential Fraud: If you make large purchases or take cash advances on your credit cards shortly before filing for bankruptcy, the court or creditors may view this as fraudulent behavior. They could argue that you never intended to repay these debts, which might lead to the debts being declared non-dischargeable (meaning they won’t be wiped out in bankruptcy).

Closer Scrutiny: Creditors often scrutinize transactions made within 90 days before filing for bankruptcy. If they see unusual or large charges during this period, they might challenge the discharge of those debts.

Repercussions: If the court finds that you committed fraud by intentionally running up your credit cards before filing, you could face serious consequences, including the dismissal of your bankruptcy case or being barred from discharging the debts.

If you’re considering filing for bankruptcy, it’s essential to avoid any actions that could be perceived as trying to game the system. Consulting with a bankruptcy attorney can help you navigate the process and avoid potential pitfalls.

https://akhanlawoffices.com/category/credit-cards/

Chapter 7 bankruptcy takes about 4 months to be completed, from the moment you retain my office to the final discharge of debt. After you obtain that discharge of your unsecured debts, you can immediately begin rehabilitating your credit score. You can rebuild your credit score by applying for and using credit cards responsibly, continuing to pay on your installment loans and becoming on authorized user on another individual’s credit card with a high credit score.

https://akhanlawoffices.com/chapter-7-bankruptcy