Indianapolis, IN asked in Bankruptcy for Kentucky

Q: Put a vacay on a credit card a few weeks ago. Then got denied on our loan so filing chap 13. Will they object.

Truly not a fraud charge, we have never discussed bankruptcy, both work 2 jobs and run a business. But suddenly no one wants to give us a loan to consolidate debt and someone suggested a chapter 13. But this vacation is an issue even tho it was 100% non fraudulent

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1 Lawyer Answer
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY
  • Licensed in Kentucky

A: You’ll have to list it and explain it to the trustee. Probably can be resolved so long as you can show that is not a fraudulent transaction.

Bruce Alexander Minnick agrees with this answer

1 user found this answer helpful

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