However, I did not use the money for personal consumption or luxury goods. I only used the money to pay for my wife's high interest credit cards with no interest of not paying. I did want to pay it, but now it has become a burden on my family.
However, I did not use the money for personal consumption or luxury goods. I only used the money to pay for my wife's high interest credit cards with no interest of not paying. I did want to pay it, but now it has become a burden on my family.
I did the same thing i believe you need at least 180 days not sure but i did the same thing and they just asked me how did i get that new cc debt and i told them the truth use to get lower interest rate, the trustee's helper who came to my business location and ask a few more questions one of which was about the cc issue nothing else was said or asked just tell them the truth no matter how short a time that it took place! Good Luck God Bless
ACIP4U,
How long did u wait to file? Did u make balance transfers as well as cash advances? Were the amounts high? I used the them to trasfer from wife's debt to me. I hope it is not a big deal.
Selectively paying back debts can create issues as well - your other creditors can claim an improper preference. You should talk this over with your bankruptcy lawyer.
Thanks ACIP4U.