There are some things I have to buy, so I
was thinking I would use my credit cards right before I file bankruptcy. They’re going to be discharged anyway, so
is that a good idea? My name is Ron Drescher. I’m attorney practicing bankruptcy and creditor’s
rights in Maryland, Delaware, Pennsylvania, and Virginia. And that’s a terrible idea. Don’t do that because it’s built into the
bankruptcy code that if you’re using your credit card during the 60, 75, or even 90
days before the bankruptcy, you’re not going to be able to discharge those debts. If they are not for necessaries like food
or clothes or drugs that the doctor prescribes for you, or if it’s a cash advance that you
use for any reason, you’re not going to be able to get out of that debt and bankruptcy
if you incur it right on the eve of bankruptcy, which is 60, 75, and 90 days beforehand. So it looks bad. You may not be able to get out from under
it, but you know what sometimes you have to do what you have to do. So if you need to use your credit card before
the bankruptcy, be prepared for you to have a result where you’re going to have to re
pay back some or all of those charges that you incurred right before the bankruptcy. My name is Ron Drescher. I’m an attorney practicing bankruptcy and
creditor’s rights and if you have a question about what you can, should, or must not do
right before bankruptcy, please pick up the phone and call me. I would love to hear from you.