logo

Debtconsolidationcare.com - the USA consumer forum

CC Balance Transfer

Date: Thu, 07/09/2009 - 20:42

Submitted by anonymous
on Thu, 07/09/2009 - 20:42

Posts: 202330 Credits: [Donate]

Total Replies: 5


A few years ago I borrowed a large sum of $ from a family member to payoff cc debt. A few months ago I used a balance transfer cc check to payoff the family loan. My spouse recently lost job and now we think we may have to file bankruptcy. Will the balance transfer done a few months ago affect our filing?


I tranferred the $ online directly through the cc website to the Home Equity loan that my family mbr wanted it applied to. (Thats where they got the $ to loan me to begin with but they needed it paid back because they needed to take a home equity advance to pay for home repairs.)


lrhall41

Submitted by on Fri, 07/10/2009 - 12:51

( Posts: | Credits: )


The trustee asks you in the 341 meeting if you took out any balance transfer/cash advances in the past 90 days, as long as it wasnt within that time period you can file it in bankruptcy. They just look odly at it you took out a large amount then filed right away.


lrhall41

Submitted by on Mon, 07/27/2009 - 08:26

( Posts: | Credits: )