We advise you not to incur and new credit once you hired Miller & Miller to file a bankruptcy for you.
Will Applying for Credit After Hiring Miller & Miller to File My Bankruptcy Affect My Case?
Yes, applying for credit after hiring Miller & Miller to file your bankruptcy can potentially impact your case. Here’s why:
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Potential Complications with Your Case: Incurring new debt right before filing bankruptcy can raise concerns with the court and trustees. It may appear that the new debt was taken out with no intent to repay, which could lead to accusations of fraud. This might complicate or delay your bankruptcy process and, in some cases, could prevent specific debts from being discharged.
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Debt Eligibility: Certain debts incurred right before filing may not qualify for discharge, especially if they are recent luxury purchases or cash advances. Courts scrutinize debt incurred within 70-90 days before filing, and creditors may object to discharging these obligations.
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Impact on Your Credit Profile: Applying for new credit before filing could also affect your financial profile and repayment plan if you are filing a Chapter 13 bankruptcy. For Chapter 7, adding new credit could complicate the discharge process, especially if the trustee determines that the new debt was unnecessary or incurred irresponsibly.
It’s generally recommended to avoid taking on any new debt once you’ve decided to file for bankruptcy. If you have questions about specific financial actions before filing, Miller & Miller can guide you on what’s best for your case.