Legal Question in Bankruptcy in Florida
concerning credit cards, and personal property
I have a car that im having trouble paying for, i owe a little over 20,000. i was thinking of paying it off with my credit cards,(i have 10) and plenty of credit, and then filing for bankruptcy, if i do this can i keep my car or will it be taken away? i dont own anything thing else of significant value.
3 Answers from Attorneys
Re: concerning credit cards, and personal property
You will lose the car with the plan of action. Seek a competent bankruptcy attorney to guide you through the problem time.
Re: concerning credit cards, and personal property
This is a very dangerous plan. You risk not only losing the car, but being charged with bankruptcy fraud which has severe penalties. Further, any debtors which are given preference in planning for a bankruptcy may be required to return all monies paid and the amounts would then be paid to shared with all of your creditors.
I strongly suggest that you meet with a competent bankruptcy attorney to discuss your planned filing.
Scott R. Jay, Esq., 305-249-8000
Re: concerning credit cards, and personal property
Your scheme is tantamount to fraud. You need to seek competent bankruptcy counsel.
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