Recent credit card charges and bankruptcy

I met with someone last year and after reviewing her situation she decided it was best if she filed for bankruptcy. Her credit card bills at that time were $15,000. However, after meeting with me she continued to charge items to her credit card. A month later she came back to file for bankruptcy and her credit card bills had increased $1,000 in recent charges. Using your credit card after you know you are in financial difficulty can cause problems when you try to get your discharge. In this case, the court required the debtor to repay the money she charged to her credit card after she knew she was in financial trouble.

If you need a plan to deal with your financial problems, call us to review your financial situation.

Posted by Rebecca Martyn, CGA, CIRP, Trustee @ 9:03 PM

<< Hoyes Michalos and Associates Ontario Personal Bankruptcy Blog