Should I Make a Last Payment on My Credit Card Before I File Bankruptcy?
Filing for bankruptcy is a big decision and one that should not be taken lightly. As such, if you are considering filing for bankruptcy, it is important to consider whether or not making a last payment on your credit card will have any impact. Making a last payment before filing can help reduce potential damage to your credit score, but there may be additional considerations as well.
First, you should consider the timing of your last payment and when it will post relative to the date you file for bankruptcy. Generally speaking, any payments made within 90 days prior to filing may be considered a preferential transfer by the court which could complicate matters. Additionally, if you make a large payment right before filing, this could raise questions as to why you didn’t use that money instead towards other debts included in your bankruptcy case.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is it to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706