Can I Buy Household Appliances Before Filing for Bankruptcy?
In general, you should avoid making large purchases prior to filing for bankruptcy. Learn when you could run into trouble and why.
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In general, you should avoid making large purchases prior to filing for bankruptcy. Learn when you could run into trouble and why.
Learn when creditors object to a bankruptcy discharge over luxury purchases, cash advances, fraud, or abuse of the process, and the strict deadlines that can span months to years.
You might have to pay back fraudulent charges made before filing for bankruptcy. Luxury goods over $900 made within 90 days of filing for bankruptcy, or $1,250 in cash advances made 70 days before bankruptcy, are presumed fraudulent.
If you're filing for Chapter 7, you should know that some debts survive the discharge. Find out which taxes, student loans, fines, and other obligations you'll still owe after bankruptcy.
The bankruptcy trustee or a creditor can object to the discharge of a debt. Learn about the steps a creditor or the trustee must take to prove bankruptcy fraud or presumptive fraud and prevent you from wiping out your debt in bankruptcy.
Explore our library of legal articles, written by our experienced writers and editors.