I have two areas of concern, as I consider filing Chapter 7 in the near future, (1) I recently made cash advances totalling $3,500 (1st week of March, 08). After learning this can be considered "fraud" if its within 90 days of filing, I have been able to raise the money to pay this back in full. Would this still be considered fraud if I paid it back?
(2) Like a lot of filers, my exceessive debt ($100,000) is due to trying to maintain my floundering business (those of you in real estate know what I mean). On my application, my stated income was based on my gross revenues from my business. I dont think this is misrepresentation, but what would the courth think?
I've never missed a credit card payment in 3 years, and I plan to file sometime in May 2008 to give myself a fresh start. Based on the information I've provided, are there any pitfalls I should look out for?