I'm currently in chapter 7. I have a credit card that had a 0 balance and was not included. Can I use this card or will it be considered fraud? If so do they monitor my credit for changes?
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I'm currently in chapter 7. I have a credit card that had a 0 balance and was not included. Can I use this card or will it be considered fraud? If so do they monitor my credit for changes?
From a strictly legal (and ethical) perspective, no you may not. Also, if you recently paid down the card in order to attempt this, the payments may create issues of improper "preference" between creditors. Also, many credit card companies will revoke cards when they learn that the card holder has declared bankruptcy, which can jeopardize your discharge.
I am new to the Chapter 7 world, if you had a credit card with a 0 balance and never have used it, how or why would that CC company have a reason to revoke or cancel it?
Again i am a newbie, just trying to find all the answers.
Because, when you file, the judge will look at any charges made within 6 months of the filing that are included.
In other words, you can't run up all your credit cards and then declare bankruptcy. The judge may not allow them to be included in the BK.