How long do you have to wait to file bankruptcy after using a credit card?

How Long After Bankruptcy Can I Get a Credit Card?

Can I buy stuff before bankruptcy?

If you are considering filing a bankruptcy petition, you should avoid making luxury purchases or preferential transfers prior to filing. This means avoiding big purchases such as a second car or a house or an expensive vacation. This also means not repaying a loan to a friend or to family just before filing.

Can I file bankruptcy if I am not behind on payments?

Federal bankruptcy laws allow an individual, couple, or business to file bankruptcy at any time—even if they are not behind on their payments.

When to file for bankruptcy for credit card debt?

By filing a Chapter 7 bankruptcy case, you can get rid of credit card debt while protecting your property. However, you need to qualify for Chapter 7 by having income that is below the average median income in your state. Written by Attorney Jonathan Petts. What Happens When You Get Behind on Your Credit Card Payments?

Can a credit card charge be discharged after bankruptcy?

In these situations, your charges wouldn’t be discharged unless you can prove otherwise. Credit card charges and cash advances are presumed fraudulent and nondischargeable under the following circumstances: Charges for luxury items within 90 days of bankruptcy.

Can a credit card company object to a bankruptcy?

If you used the credit card to pay for debts that you could not typically get rid of in a bankruptcy case, that debt won’t likely get erased. For instance, if you use your credit card to pay child support, alimony, back taxes, or student loans, the credit card company may object to your discharge.

Why is credit card debt not dischargeable in Chapter 7?

Two reasons why credit card debt may not be dischargeable are: If you use your credit cards to charge $675 or more in “luxury” goods or services within 90 days of filing your Chapter 7 petition, the court may find that the credit card debt is non-dischargeable.