Credit card settlement and bankrupsy
Date: Tue, 05/11/2010 - 07:09
I have 10 credit cards. 8 are individual (my own) and two (2) are joint with my wife (40,000). I lost my job and am planning for bankrupsy (chapter 7). My wife makes less than 25,000 a year. Before doing the bankrupsy should my wife and I settle the 2 credit cards that are joint accounts? Should I say to the other credit cards (remaining 8 that I am filling for chapter 7?). Please advice.
the bankruptcy court would see that as preferential payments so
the bankruptcy court would see that as preferential payments so the answer is no.
