Credit Cards and Bankruptcy

If you are contemplating filing bankruptcy and have credit cards, please consider the following: Don’t pay off your credit card balances before filing.   Credit card debt is typically dischargeable in bankruptcy provided you don’t take cash advances or purchase luxury goods before filing for bankruptcy relief.  It does not make

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Preparing for Your Meeting of Creditors

Within a few days of filing your bankruptcy petition, the bankruptcy court will schedule your “first meeting of creditors,” which is often referred to as a “341 hearing.”  Your bankruptcy trustee (not the bankruptcy judge) will preside over the meeting of creditors, and you will be required to testify under

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