A free guide for New Jersey residents considering bankruptcy. Filed in D.N.J..
Using credit cards when you know you will file bankruptcy can be considered fraud. The Bankruptcy Code presumes fraud for luxury goods purchases over $725 within 90 days and cash advances over $1,000 within 70 days of filing. Best practice: stop using all credit cards immediately once you decide to file. The creditor can challenge discharge of those specific charges.
Filed in D.N.J.. Courthouse: 50 Walnut St, Newark NJ.
Using credit cards when you know you will file bankruptcy can be considered fraud. The Bankruptcy Code presumes fraud for luxury goods purchases over $725 within 90 days and cash advances over $1,000 within 70 days of filing. Best practice: stop using all credit cards immediately once you decide to file. The creditor can challenge discharge of those specific charges.
Yes. This applies to D.N.J.. Local trustee practices may vary. Consult a qualified attorney.
50 Walnut St, Newark NJ.
Related Newark Bankruptcy Resources
You May Also Find Helpful