Myth: I should pay off the credit cards I want to keep before I file bankruptcy.

Fact: You should not pay off creditors just before filing bankruptcy. The bankruptcy trustee may be able to recover recent payments to your creditors. Also, the creditor may cancel your credit card when you file bankruptcy, even if you have paid it off.

Practice Areas

Bankruptcy
Three Advantages of Bankruptcy
Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
IRS Problems & Solutions

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