Timing: Writing Off Recent Credit Card Debt
Using a credit card shortly before filing bankruptcy doesn't seem right. The law agrees. Writing off this kind of debt can be a problem.
New Bankruptcy Dollar Amounts Effective April 1, 2016
Every 3 years many of the dollar amounts in the bankruptcy statutes are adjusted for inflation. Here's a summary of the important changes.
Bankruptcy Timing and the Holidays: The “Cash Advances” Presumption of Fraud
If you can, don't do cash advances during the holidays if you're contemplating filing bankruptcy. If you do, understand the rules about them.
Bankruptcy Timing and the Holidays: The “Luxury” Presumption of Fraud
If you're considering filing bankruptcy, try to avoid using credit cards to finance the holidays. But if you do, there are some extra risks.
Making Sense of Bankruptcy: Defeating Challenges to the Legal Write-off of “Luxury” Purchases and Cash Advances
Understanding the most common kinds of "fraud" challenge to the discharge of your debts will enable you to avoid these challenges.
Making Sense of Bankruptcy: Is My Income Low Enough to Pass the “Means Test”?
Most people qualify to file a Chapter 7 "straight bankruptcy" by having low enough "income"
Risks Now Reduced for Being Accused of Fraud for Cash Advances and Purchases of “Luxuries”
Because of financial tweaks to the Bankruptcy Code, as of April 1 you are a little less likely to have to repay some of your recent use of credit cards.
