Q: Since all of my debts will be discharged after I file for bankruptcy, should I go ahead and max out my credit cards before I file for bankruptcy in New York?
A: NO. DO NOT RUN UP BIG CREDIT CARD BILLS BEFORE YOU FILE FOR BANKRUPTCY IN NEW YORK.
If the bankruptcy judge believes you incurred debts in bad faith, odds are you will be required to pay back those debts. It’s also possible that your case will simply be dismissed. Credit cards companies are experienced in these situations and know how to challenge large, non-typical purchases and charges, including cash advances. In the end, you’ll only make your life more difficult, more complicated and more expensive.
Go to bankruptcy lawyer Brooklyn NY to learn more about Rosenberg Musso & Weiner LLP and/or to set up a free consultation with experienced bankruptcy lawyer Bruce Weiner.