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Well dang I am totally confused. I will just wait to hear back from the EO from the fraud team.... Crazy that cap one will issue a credit card with an open BK. I know I had my 341 meeting in Febuary of 2011. Account was open 12/21/2010...Just very odd and I am extremely puzzled
@Anonymous wrote:
I can say with certainty that they will. I apped 6 days after my filing (it was reporting) and was approved for a $3000 Quicksilver. I am a lawyer. If you file a Chapter 7, it is perfectly fine to app after FILING not 341 meeting. A Chapter 7 is a snapshot as of your day of filing. A CH 13 is a moving video.
(I have , and still do, represent creditors)
So if someone opens a new card prior to d/c and the BK happens to be a no asset case. What prevents the person filing from saying "any and all debts prior to d/c were included so I am not liable"?
This is the reason NFCU told me no way on even a secured card prior to d/c. Thank you as this is a topic that comes up ALL the time.
@Scupra wrote:
@Anonymous wrote:
I can say with certainty that they will. I apped 6 days after my filing (it was reporting) and was approved for a $3000 Quicksilver. I am a lawyer. If you file a Chapter 7, it is perfectly fine to app after FILING not 341 meeting. A Chapter 7 is a snapshot as of your day of filing. A CH 13 is a moving video.
(I have , and still do, represent creditors)So if someone opens a new card prior to d/c and the BK happens to be a no asset case. What prevents the person filing from saying "any and all debts prior to d/c were included so I am not liable"?
This is the reason NFCU told me no way on even a secured card prior to d/c. Thank you as this is a topic that comes up ALL the time.
Exactly.... and why did ALL of the creditors who approved me for a VEHICLE LOAN like 3 days after discharge back in 2013 REQUIRE as a condition of approval a copy of my discharge due to the fact the CRs hadn't yet updated? I saw the approval paperwork.... "approval conditional on proof of discharge"
This didn't even have a thing to do with Ch 7 or Ch 13. It had to do with my credit report showing an open Ch 13 that had not yet been discharged and I was attempting to buy a $20k vehicle.
I find it hard to believe you are free to start acquiring new debt before your previous debt is even discharged. "So you can't pay back any of your bills but you can get a new $3000 CC?" That would be the first question I'd ask if I were a trustee over a Ch 7 case.
At any rate, the fact the lawyer says it's allowed doesn't surprise me in the slightest. Funny how the system works... rewards the people who don't pay anything back. My attorney stressed to me NO NEW CREDIT while under Ch 13. So I can pay back my debt and can't get any more while I'm doing it... but I can discharge all of it in a Ch 7 and actually start piling up more debt before I've discharged the original debt? Really?
I just don't understand. Why in the world would lanyone want to open new cards before their bk is discharged? I understand starting over and wanting to rebuild your credit but just wait for the discharge papers.
@TRC_WA wrote:
@Scupra wrote:
@Anonymous wrote:
I can say with certainty that they will. I apped 6 days after my filing (it was reporting) and was approved for a $3000 Quicksilver. I am a lawyer. If you file a Chapter 7, it is perfectly fine to app after FILING not 341 meeting. A Chapter 7 is a snapshot as of your day of filing. A CH 13 is a moving video.
(I have , and still do, represent creditors)So if someone opens a new card prior to d/c and the BK happens to be a no asset case. What prevents the person filing from saying "any and all debts prior to d/c were included so I am not liable"?
This is the reason NFCU told me no way on even a secured card prior to d/c. Thank you as this is a topic that comes up ALL the time.
Exactly.... and why did ALL of the creditors who approved me for a VEHICLE LOAN like 3 days after discharge back in 2013 REQUIRE as a condition of approval a copy of my discharge due to the fact the CRs hadn't yet updated? I saw the approval paperwork.... "approval conditional on proof of discharge"
This didn't even have a thing to do with Ch 7 or Ch 13. It had to do with my credit report showing an open Ch 13 that had not yet been discharged and I was attempting to buy a $20k vehicle.
I find it hard to believe you are free to start acquiring new debt before your previous debt is even discharged. "So you can't pay back any of your bills but you can get a new $3000 CC?" That would be the first question I'd ask if I were a trustee over a Ch 7 case.
At any rate, the fact the lawyer says it's allowed doesn't surprise me in the slightest. Funny how the system works... rewards the people who don't pay anything back. My attorney stressed to me NO NEW CREDIT while under Ch 13. So I can pay back my debt and can't get any more while I'm doing it... but I can discharge all of it in a Ch 7 and actually start piling up more debt before I've discharged the original debt? Really?
Even in my BK7 my attorney told me to do nothing until that discharge is in my hand.