Credit Card Use Prior To Bankruptcy
August 26th, 2005 by Questions
30+ days prior to going bankrupt, I used a credit card not knowing at the time that I was going to claim bankruptcy. Unfortunately at the time it was my only source of funds, my young son was beginning the school year and in need of clothes, school supplies etc. I did not know any details regarding bankruptcy. When I finally realised that I was unable to get ahead financialy I began to investigate my options. I first approached a number of financial institutions regarding a debt consolidation loan, I was refused, the institutions felt I had accumulated more dept than I was able to handle. They suggested bankruptcy. This all happened within a matter of days. The Licensed Insolvency Trustee did not inform me of rules regarding credit card use. Now that bankruptcy has been filed and I have been discharged, a credit card company is suing me for all monies owing plus interest. I am still working only part time, and my husband is unemployed. We are most definitely not in a position to pay such a debt, as we are barely surviving with two small children. How do I handle this situation?