If you are considering filing bankruptcy, then you should file bankruptcy before Christmas.
The reason that I say that is because any debts that you charge on your credit card for Christmas shopping will be presumed to be non-dischargeable. Bankruptcy law states that any charges made 0-90 days prior to filing bankruptcy is non-dischargeable. Any charges made 90-180 days MAY or MAY NOT be dischargeable depending on whether or not they are necessities.
So anything that you purchase in the 3 months leading up to Christmas will not be dischargeable.
So why don’t you go ahead and get your bankruptcy started now, that way you can have a fresh start going into the new year?
For more information regarding California Chapter 7 bankruptcy, contact our Los Angeles California Bankruptcy Attorney.