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If you are on the brink of bankruptcy... you probably can't get a credit card. Opps... didn't read that right. Sorry. I really don't know.

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โˆ™ 2008-01-17 07:46:39
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The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

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Q: If you have a credit card and use it just before filing bankruptcy can a creditor deny your bankruptcy?
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Related questions

Will your credit rating be affected by your partner filing bankruptcy?

If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.


Can a person who filed bankruptcy 10 years ago co-sign for you?

That decision is up to the creditor who is considering grantin you credit. It really depends on what they have with their credit since filing for bankruptcy.


Is it possible for a creditor to take your monthly salary after filing bankruptcy?

No, unless the creditor gets relief from stay or the bankruptcy is dismisssed.


Can you get a loan after bankruptcy in Canada?

After filing for bankruptcy in Canada you may borrow money. The risk is borne by the creditor. During bankruptcy, after filing but prior to being discharged, you may obtain credit with a value of up to $1,000. without advising the creditor of your bankruptcy. Should you seek to borrow more than $1,000 you are obliged to advise the lender that you have filed for bankruptcy.


Will filing chapter 7 bankruptcy get rid of a credit card judgment?

Yes. It is the most common reason for filing for bankruptcy. If the judgment creditor had an execution issued and attached any equity in your home, you may have a problem.


What bankruptcy information should you know before you consider filing for bankruptcy?

Bankruptcy is the filing of a petition that claims your assets, and your inability to pay for them. Bankruptcy severely effects your credit, and is present on your credit for 7 years. During this time getting credit cards or loans can be very difficult.


Will a closed credit card account receive notice of a bankruptcy filing?

Only those creditors you list on your bankruptcy schedules / creditor matrix (list) will receive actual notice.


How can one get a car loan after filing bankruptcy?

To receive a car loan after filing for bankruptcy you will probably have to rebuild your credit before applying. You can also find a co-signer with amazing credit to counteract yours.


If you file for chapter 7 bankruptcy and have the first meeting with the treasurer can you still add a creditor to the bankruptcy?

You should have no problems filing an amendment to add the creditor.


What happens if a creditor garnishes after filing bankruptcy?

I assume you mean after YOU filed bankruptcy (the creditor's filing bankruptcy doesn't affect your garnishment, except maybe to change who's "garnisheeing"--NOT "garnishing"--your wages). If so, contact your attorney so he/she can bring the creditor into court for violating the automatic stay.


Can a credit card company sue you if you file bankruptcy?

For filing bankruptcy? No. Filing for bankruptcy is not illegal and your right to do so cannot be waived by contract.For fraud? Yes, but the fraud would have to be proven.For the money you owe? Possibly, but pointless, since they are already a creditor and a successful lawsuit will only make them a creditor, which they were to begin with. It wouldn't even raise their standings in the priority of repayment from the bankruptcy discharge.


Can someone filing for bankruptcy list their landlord as a creditor if they are behind on their rent?

Yes


Is a credit couseling program required if I file for bankruptcy?

Most states do not require you to take a credit counseling course before filing bankruptcy. This is typically a volunteer activity.


Can you use credit cards before filing for bankruptcy?

What, and leave me to pay your bills? Don't be a parasite on society!


What happens if you run up credit cards before filing bankruptcy?

The judge may disallow those debts from the bankruptcy because you are obviously attempting to defraud the credit card company.


If your car was repossessedand the company who sold the car to you is filing bankruptcy do you still owe?

Yes. Since the "Car Sales Company" went into bankruptcy, your financial agreement with your "Creditor" (bank, credit card, credit union, etc...) has not dissolved the loan. Check with your creditor (who you send your monthly to?) and/or continue paying for your car. This will help you keep your own personal credit in good standing.


Does bankruptcy ruin your credit?

This is an incorrect assumption that leads many people to avoid filing for bankruptcy. They fear that a bankruptcy will ruin their credit for a long time and that they will not be able to use credit, rebuild their credit or purchase a home in the future. The reality is that the majority of the people who are considering bankruptcy, already have poor credit, due to late payments, repossessions and foreclosures. Further, most people who file for bankruptcy can rebuild their credit to a relatively good level after two years. This depends significantly on what they do after filing for bankruptcy. It is important that you work toward rebuilding your credit after filing for bankruptcy.


How does a creditor answer Chapter 7 bankruptcy?

By filing a proof of Claim, or by addressing questions/arguments to the court


Can you get debt relief after filing bankruptcy?

Bankruptcy IS debt relief. After filing bankrupt, you HAVE no more debts. No credit, either, but that's the way it works.


If you file bankruptcy will that remove a charge off report from a credit card?

Filing bankruptcy does not remove a charge off report from a credit card on your credit report. It just adds bankruptcy to your credit report.


Does filing bankruptcy raise your credit score?

In some cases, it actually does. This really depends on a lot of factors and variables, but I have seen credit scores increase 100+ points after filing a bankruptcy.


Do you have to take a credit counseling course prior to filing bankruptcy?

yes


Can a bankruptcy be disputed by a creditor?

Yes, all creditors have the legal option of filing a Motion for Relief From Stay to allow them to be excluded from the bankruptcy petition.


Can you charge on a credit card that is in your bankruptcy AFTER actually filing bankruptcy?

"Whether a debtor keeps credit cards after filing bankruptcy is up to the credit card company. If you are discharging a credit card they will cancel the card unless you reaffirm the debt. Even if you have a zero balance the credit card company might cancel the card."


Is it okay to tell a credit card company or a collection agency that you are filing bankruptcy?

Yes, in fact they might ask the debtor if that is what they are considering. It is the opinion of some that a creditor might rush to file suit but this is a ridiculous argument, as lawsuits can be stopped and then discharged in bankruptcy. Also it takes an average of 15-20 months for the typical creditor-debtor suit to reach court, as opposed to the average bankruptcy filing of a few months.