Credit Cards and Christmas : The Hancock Firm, P.A. Beach Bankruptcy Blog

Credit Cards and Christmas

by Katheryn E. Hancock, Attorney on 12/14/13

I can't say how many times someone has come in for a consultation and said, "My friend told me that I should run up my credit cards before I file bankruptcy. Is that a good idea?" My answer, of course, is "no." Charging luxury goods, vacations, or taking out large cash advances prior to bankruptcy can lead creditors to file an adversary action in your bankruptcy case. An adversary action is when a debtor in bankruptcy is sued by a creditor who wants the judge to determine the debt should be paid back. But please don't panic if you put some toys for the kids, groceries, or gas on your credit card recently and are considering bankruptcy. Give me a call or send me an email and I'd be happy to answer any questions you have about the bankruptcy process. Thanks!

Comments (1)

1. Robert Wardrop said on 12/21/13 - 06:21PM
Thanks for the information


Leave a comment


The Hancock Firm, P.A. ® , 681 Atlantic Boulevard, Atlantic Beach, FL 32233

Proudly serving the residents of Jacksonville Beach, Neptune Beach, Atlantic Beach, Mayport, Ponte Vedra, and Jacksonville. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. This website is for informational purposes only.​
Call or text us at (904) 982-7212. Live help available 8am-8pm Monday-Saturday!