• Is there anything that I should not do if I am contemplating filing for bankruptcy?
    • There are several areas related to this question. You should consult your attorney. In particular, there are three items worth mentioning. First, under bankruptcy law, certain purchases of luxurious items over $1,000 within 60 days of filing for bankruptcy are presumed to be nondischargeable. Also, under bankruptcy law, cash advances aggregating $1,000 within 60 days of the bankruptcy filing are presumed to be nondischargeable. Last, debts involving materially false financial statements are nondischargeable under certain circumstances.

    Updated: 10/13/99
    Important: These Frequently Asked Questions (FAQs) were prepared by Nemia L. Schulte. More information about The Law Offices of Nemia L. Schulte, P.A. can be found here. The Law Offices of Nemia L. Schulte, P.A. is located in Florida.

    These Frequently Asked Questions are based on Federal and Florida Law.