With the help of a bankruptcy attorney, a person may be able to carefully handle their debt problems and lower or eliminate their obligations to creditors. However, this doesn’t mean that a person can intentionally rack up debt before filing for bankruptcy. If a person uses their credit cards heavily before filing for bankruptcy and charges non-essential items as debt, they may be punished when they file.
If you’re thinking about filing for bankruptcy and want to avoid common pitfalls, you may want to consult with a bankruptcy lawyer before moving forward. For more information about how we may be able to make your bankruptcy filing process as easy and worry-free as possible, contact a Joliet bankruptcy lawyer at the Law Offices of Stuart B. Handelman, P.C., today by calling 815-722-2201.
Recent Credit Card Debt and Bankruptcy
A recent charge on a credit card may be looked at suspiciously by a bankruptcy court. In many instances, people may recognize well in advance that they are going to need to file for bankruptcy. As other debts increase steadily, some debtors may think that they might as well spend money by charging items on their credit cards if they can quickly get rid of it through bankruptcy. However, this isn’t the case.
The following may be considered fraudulent purchases if they are non-essentials and charged before a person files for bankruptcy:
Clothing that isn’t needed
Make-up and other cosmetics
Recreational or expensive vehicles
Home furnishings and appliances
Other items may be considered luxury items as well, which cannot be discharged if put on a credit card prior to bankruptcy.
There are many problems a debtor may face before filing for bankruptcy if they don’t consult with an experienced attorney. To discuss how you should prepare for bankruptcy and how we may be able to assist you with this process, contact a Joliet bankruptcy attorney at the Law Offices of Stuart B. Handelman, P.C., today by calling 815-722-2201.