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The Dangers of Taking Out Debt Before Filing Bankruptcy

Posted on Friday, May 20th, 2016 at 2:40 pm    

Justin Lawrence from Lawrence & Associates talks about the dangers of taking out debt before filing bankruptcy, including the 90 day presumption of abuse used by bankruptcy courts to discourage the use of credit cards and loans within 90 days before filing a bankruptcy. This video applies to both Chapter 7 and Chapter 13 bankruptcies, and examples including credit card debt and buying a new car are given.

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