The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Throwing in the towel... BK inevitable Date:  10/31/2012  6:15 PM
Author:  Windowseat Number:  306185 of 310986

Do not go out and use any remaining available credit on your credit cards.

Some courts will examine spending for the months just before declaring bankruptcy. If they notice a sudden upsurge in expensive items you'll be in even more trouble, because they might consider that fraud.

Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us