Discharging Cyber Monday Purchases in Bankruptcy

Thanksgiving and Black Friday shopping brought in an estimated $12.3 billion in sales, according to shopping analytics firm ShopperTrak. Overall spending was expected to reach $57.4 billion for the weekend, according to the National Retail Federation. Can You Discharge Recent Shopping Purchases in Bankruptcy? The best advice is to consider limiting your shopping to a minimum to avoid any problems with your upcoming chapter 7 bankruptcy case. There are also a few guideposts to consider contained within the bankruptcy code itself: 1. Cash advances in excess of $875.00 within seventy (70) days of the bankruptcy filing, are nondischargeable. 2. Purchases 

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Credit Cards and Bankruptcy

Ten Things to Think About Before Getting a New Credit Card 1. Don’t apply for a credit card until you are ready. Unfortunately, bankruptcy may not have permanently resolved all of your financial problems. It is a bad idea to apply for new credit before you can afford it. 2. Avoid accepting too many offers. There is rarely a good reason to have more than one or two credit cards. Having too much credit can lead to bad decisions and unmanageable debts, and it will lower your credit rating. This can make it harder for you to get other lower 

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