answersLogoWhite

0

It's not likely that the damage can be undone. Anyone who continues to use credit cards when they have filed or are going to file bankruptcy is making a very big mistake. The bankruptcy will be dismissed, and the person making the charges will be in very serious trouble. Under the the bankruptcy code, fraud is presumed by law if the person filing has made any luxury purchases or cash advances totaling $1,000 or more within sixty days preceding the filing of the BK petition. In addition fraud charges can be brought if it is proven (and it usually is) that the person had not means nor intent to repay the debt incurred. Bankruptcy fraud is a federal felony that carries a 5-year federal prison sentence and fines for each guilty count.

User Avatar

Wiki User

19y ago

What else can I help you with?

Related Questions

What is fax in business term?

A fax is a scanned document that is transmitted via a phone line to a receiving unit that prints the document.


Can Magistrate mark the document voluntarily if the complainant is not capable of telling anything about the nature of the document?

Can Magistrate mark the document voluntarily if the complainant is not capable of telling anything about the nature of the document ?


Are bankruptcy petitions filed and kept at the court If not where can I find a copy of my bankruptcy?

You can find all of the information on your bankruptcy proceeding through a federal website called Pacer. Register and then to view each notice and document, they will charge you .08 per page but it will give you all relevant documentation on your bankruptcy. www.pacer.com


If you filed a chapter 7 bankruptcy in mi and it is discharged how long do you have if you need to file an amendment?

If you filed a Chapter 7 bankruptcy in MI and it is discharged, you can amend whatever document you want at any time. It does not matter whether it is during the process of bankruptcy or after the discharge.


What documents are required to file bankruptcy?

The process is elaborate and your Bankruptcy Lawyers Near Me will ask you for a long list of documents. It includes your assets, your debts and your rights. Your income and expense statement is a crucial document. For businesses filing for bankruptcy, you may have to answer tons of questions pertaining to your business to the Bankruptcy Lawyers Near Me to enable flawless filing. Prepare a complete list on what you owe and own. Not all the items on the list are taken away, you still get to retain some. The Bankruptcy Lawyers Near Me may be in a position to identify what you retain and what you lose. The document is scrutinized and after signing the documents, the petition is formally filed with the Bankruptcy Court.


What is bankruptcy notice and bankruptcy petition?

The bankruptcy petition is the document filed with the court that includes all your debt, assets, creditors and debtors, as well as personal information. Preparing this takes time and expertise, so consult a local attorney. The lawyers at Allied Bankruptcy are here to assist you in this, call 1 (800) 988-0422 The Bankruptcy Notice is what is sent out to everyone listed in the petition.


What is the meaning of an 'unabridged version of a document'?

An "unabridged" version of a document is a document that is complete and hasn't had anything removed to make it shorter or flow better. It is a whole, original document.


What is the effect of saving a document on the desktop?

It takes up space each time you save a document or anything.


Is there anything about what this document that encourages unity throughtout Europe?

We don't know the document you ask about so we can't answer.


What are the guidelines for receiving principle money from inherited trust fund?

You need to look at the trust document to see what it says about this.


When receiving legal documents do you go by postmarked date or the date actually received?

You go by the date on the document(s).


What does the word edit means to the computer?

To edit is to change anything in the document. If you are adding more text, or fixing spelling mistakes or moving paragraphs or anything like that, you are editing a document in Microsoft Word.