use cash advance

[joemuni]

can I use cash advance I took on credit card a few months ago for any use (buy car, pay lawyers ), before or after filing for Chap7. The cash advance has been sitting in my savings bank account for about three months.

 

[gottago]

Wait at least two months after you spend the funds, then file bankruptcy. Anything less might look a little questionable.

Also, if you know you're going to file in a few months, stop paying everything now. There's no use throwing away money on minimum payments. (make sure you keep making your mortgage, car and utilities payments, since you'll need those after bankruptcy.)

 

[racer72]

Yah gotta love it. Legaized theft.

 

[joemuni]

I need to file Chap 7 next week because I,m past due a few months on credit card payments, and have letters from collection agencies and lawyers threatening legal action. If I withdraw or spend the money all at once, will this be a problem.
Isn,t there a wildcard I could use to spend all the money on a car, and how much can I keep in the bank account.
I have to do something very soon.

Also, I have trouble selecting a bankruptcy attorney I can trust.

Can I file the paper on my own, knowing that there will brobably be adverse proceeding.

Thanks for your comments.

I'm in New Jersey.

 

[nailtech]

just find the lesser of the evils, and DO NOT do it yourself...(and I am not a lawyer)...
go sit in on a creditors meeting and pick one of the lawyers there... the one that has to answer the least questions from the trustee... you'll be glad you did... trust me... it will be like watching a football game, you can actually tell who has their ducks in a row just by watching...

 

[bigun]

Don't worry about letters and phone calls. If you've not actually been sued and had a court date set, take your on sweet time and get some distance between those cash advances and the actual filing date. Nailtech is right. If you expect any problems, don't start this adventure alone.