Not logged in? Join one of the bigest Law Forums on the Internet! Join Now!   Latest blog post: Research Law Professors Before Choosing Law Schools

Advertisments:




Sponsor Links:

Discount Legal Forms
Discounted Legal Texts


Filing Chapter Seven After Taking Funds Advances

Discuss the legalities of Bankruptcy Law

Filing Chapter Seven After Taking Funds Advances

Postby abowen » Thu Dec 12, 2013 8:20 am

Hello forum,
I have two regions of concern, as I take into consideration filing Chapter 7 in the close to extended phrase, (one) I a short while ago created cash advances totalling $three,500 (1st week of March, 08). Ideal just after mastering this can be deemed "fraud" if its within 90 days of filing, I have been capable to raise the money to shell out this back in total. Would this nonetheless be considered of fraud if I paid it back?
(two) Like a good deal of filers, my exceessive debt ($1 hundred,000) is due to striving to sustain my floundering firm (these of you in genuine estate know what I indicate). On my application, my stated cash flow was based mostly mainly on my gross revenues from my little business enterprise. I dont come to feel this is misrepresentation, but what would the courth think?
I have hardly ever missed a credit score card payment in 3 a lot of years, and I strategy to file sometime in Could quite possibly 2008 to give myself a fresh start off. Primarily based on the information I've offered, are there any pitfalls I need to have to appear out for?
abowen
 
Posts: 9
Joined: Sat Oct 06, 2012 3:58 pm
Top

Filing Chapter 7 Following Taking Cash Advances

Postby adelphos » Tue Dec 17, 2013 5:49 pm

Take a appear at this thread.
I do not know one thing about your income or finances, so I can not know what a court would think. Talk about your finances with a bankruptcy lawyer.
adelphos
 
Posts: 19
Joined: Thu Mar 31, 2011 12:06 pm
Top


Return to Bankruptcy Law

 


  • Related topics
    Replies
    Views
    Last post