Cash Advances
Date: Sun, 07/04/2010 - 11:36
No, debt is debt! What I question is they are small amounts. Why
No, debt is debt! What I question is they are small amounts. Why file Chapter 7 against them? Is there a lot more?
I'm the Op. In total, I have about $30,000 in unsecured debt. I
I'm the Op. In total, I have about $30,000 in unsecured debt. I don't make enough money to pay my bills or settle the debt. The $1,100 is part of the $30,000
The credit card debt will all be considered the same. The only
The credit card debt will all be considered the same. The only issue you would have is if the amounts are over a set limit within 70 days of filing, i believe it is, and it was for "luxuries". The gambling debt would be in that category. However, if you do not file for six months, then the time limit would be up. However, if you have spoken with an attorney, the bank could make a claim against the debt, if you spoke with the attorney in that same period of time. However, my attorney told me that he has not had that happen in over 25 years of practicing bk law.
Unlikely that these amounts will present an issue in the case. I
Unlikely that these amounts will present an issue in the case. If they were larger amounts then possibly they may present issues. If you did not make any payments on them and you clearly had no ability to pay them at the time then it may have presented a problem. There are certain things that are presumed nondischargeable in bankruptcy and this would be if you had cash advances of more than $750 within 70 days of filing. Its sounds like you are past this area. Here are a list of some other nondischargeable debts
Nondischargeable Debts in Bankruptcy