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Spending assets before Chapter 7

Date: Sat, 08/14/2010 - 08:22

Submitted by alice.starnes
on Sat, 08/14/2010 - 08:22

Posts: Credits: [Donate]

Total Replies: 1


I have seven credit cards with a total debt of 52,000. They are settling for 34,000. I am getting ready to sell some property but I won't have enough to settle every card. Can I just spend the profit from the sale on medical expenses for my son with Autism? And then, file bankruptcy? We are in the second phase of debt collection- 10 months into it. Debt Collection Agencies haven't started to sue us yet.