Why You Should Not Repay Debts Before Filing Bankruptcy

Why pay off a credit card or other debts before you file bankruptcy? This would seem to be a counter-intuitive thing to do. ¬†After all, you’re filing bankruptcy presumably because you need to eliminate debts. But many debtors choose to pay off some of their creditors right before filing bankruptcy. Many think that by paying off a credit card before filing bankruptcy, they will continue to be able to use that card after bankruptcy and that it will not be … Continue reading Why You Should Not Repay Debts Before Filing Bankruptcy