Credit Cards – pay off interest rates

August 27, 2009

Can my husband pay off my credit cards before filing for bankruptcy?

AWW asked:


We live in CA. My husband and I were thinking about filing together for bankruptcy. However, he just received a personal injury settlement that is enough to pay off my credit cards and save my credit. If he does file for bankruptcy it wouldn’t be for a few months from now at least. Can he use the settlement money for this purpose or will this hinder his bankruptcy proceedings?

JACK

3 Comments

  1. RUBEN

    It will make the bankruptcy go faster and easier if the credit card debit was paid off beforehand.

    Comment by PHILIP — August 31, 2009 @ 4:09 am

  2. AGUSTIN

    On KGO radio weekdays from 12-1 there is a lawyer, Len Tillem. You can call in and receive free legal advice. He might be able to help. In the Bay Area, call 808-0810. Outside the Bay Area, dial on of the area codes (408 – 415 – 510) then the number. Good luck!

    Comment by RANDY — September 1, 2009 @ 9:55 am

  3. QUINCY

    OK.. HOPEFULLY no one will flag me for this.. BUT..

    I used this company to help get rid of the stuff on my credit card..

    1-888-440-2040 x305

    JUST THROWING THAT OPTION OUT THERE!!!!!!

    Comment by GREGG — September 1, 2009 @ 5:35 pm

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