Legal Question in Bankruptcy in Connecticut

chapter 7 bankruptcy

i am collecting unemployment.i have stopped paying all my creditors and car payment within the last month because of lack of funds. all my creditors are 2 years or older. i wish to get a personal loan.of $5000.00 before my credit goes bad so i can pay for a lawyer for the bankruptcy and to buy a used car with before they repo my financed car.how will this affect me going chapter 7 bankruptcy


Asked on 1/21/09, 10:17 am

2 Answers from Attorneys
Christopher McCormick Steier & McCormick, LLC

Re: chapter 7 bankruptcy

If you are referring to an unsecured personal loan the lender could make a valid claim that this debt is nondischargeable i.e. the bankruptcy would not terminate this debt. Please contact me if you have any further questions how to best handle your situation

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Answered on 1/21/09, 10:24 am
Max Rosenberg Rosenberg,Whewell, & Hite, LLC

Re: chapter 7 bankruptcy

Do not take the loan to pay for the attorney. This will not be looked at kindly by the trustee. The trustee may look back as much as a year sometimes more, to determine if you were making any purchases with the intent to default on the debt by filing bankruptcy or involving yoursel in fraudulent transfers. Also $5,000 is a very steep fee for an attorny to file a chapter seven bankruptcy. Your purchases will be looked at as fraud. Do not make them before filing bankruptcy or you may open yourself up to criminal liability. Feel free to contact us for a free consultation. 203.521.4915.

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Answered on 1/21/09, 10:45 am


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