What should I avoid if I’m contemplating bankruptcy?

Posted On : November 13, 2013   By : RobG

There are several areas related to this question. You should consult your attorney. In particular there are three items worth mentioning:

a. Under bankruptcy law, certain luxury purchases over $1,000 within 60 days of the bankruptcy filing are presumed nondischargeable.

b. Under bankruptcy law, cash advances aggregating $1,000 within 60 days of the bankruptcy filing are presumed nondischargeable.

c. Debts involving materially false financial statements are nondischargeable under certain circumstances.

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