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  1. #1
    Join Date
    Oct 2006
    Posts
    1

    Default Credit card collections during chapter 7

    I recently have gone to my meeting of creditors and everything was fine, then about three days later my attorneys office gets a letter from one of my credit cards, well its from a collections attorney, it basically states that I took out 10,000.00 cash withdrawls before I filed bankruptcy I filed on 09/09/06, the withdrawl was done 06/12/06. But it was not a withdrawl it was a balance transfer to pay on a high interest loan. I have many letters soliciting me to use my credit line to transfer balances to get rid of high interest loans or other high interest cards, I have over 20 letters, so I did it. I did not have intentions on filing at that time and thought that would take care of my credit problems. I guess my question is can the credit card company attempt to collect on this debt while I am in bankruptcy. The letter they sent to my attorney seemed like a threat. It states they just want to talk to him and some sort of arrangement can be made, because they would hate to cause me any more grief by filing a objection. The letter also states that it is a attempt to collect a debt. sorry this is long winded. I even have the letter from the credit card company thanking me for the balance tranfer but it would show up as a cash advance on my statement but under my transfer balance so it would not acrue the high interest on cash advances. I was wondering if this is a scare tactic, or does the credit card collections firm have any merrit

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
    Posts
    98,846

    Default Re: Credit card collections during chapter 7

    They're raising a valid question about what appears to be a fraudulent transfer or improper preference. Discuss it with your lawyer, and let your lawyer handle it.

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