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May I Pay Off My Car With A Credit Card Before Filing Bankruptcy?

On October 20, 2010 By

Question:

Prior to filing bankruptcy, should we do a balance transfer of the remainder of our car loan on to a credit card so we will not have car debt after filling?

Answer:

Can you, yes; should you, ABSOLUTELY NOT! There are two problems with the proposed action (1) it’s fraud, and (2) probably doesn’t [...]

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Are Authorized Users of a Credit Card Responsible (Liable) to the Bank for the Charges?

On October 4, 2009 By

Question:

This is an odd question, but it is basically this:  I was an authorized user on my cousin’s Lowe’s commercial credit card (revolving credit card).  He is now in the middle of a chapter 7 bankruptcy.  Can his creditors come after me just because I was an authorized user?  I did NOT apply for [...]

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