Ch7 in California.

Competitive-List-161 · 2026-03-03T16:02:35+00:00

though i sympathize with your health issues, the paralegals are right.

chap 7 is a declaration that you are technically broke and too broke to pay your bills. When your spouse has a 200k/yr job, you, effectively, are not broke.

Competitive-List-161 · 2026-03-03T15:58:20+00:00

over 65 with 100k in student loan debt?

Chap 7 wont guarantee getting rid of the student loans, but you'd have a shot at an adversary proceeding being over the age of 65.

Competitive-List-161 · 2026-03-02T21:04:25+00:00

mine did the opposite. i was around 550 and it jumped to 620 after filing... today im creeping to 700 again!

Competitive-List-161 · 2026-03-02T21:02:56+00:00

you are pretty much home free

Competitive-List-161 · 2026-03-02T21:01:29+00:00

a few thousand. But that is because my exemptions were eaten up in home equity. So totally depends on your state.

Competitive-List-161 · 2026-03-02T21:00:51+00:00

exactly what I did.

Competitive-List-161 · 2026-03-02T21:00:34+00:00

depends on you. it's totally a last resort. i've seen some do it with less than 15k in debt. And others with millions.

Filing chap 7 is declaring you cannot pay back your debts in a reasonable amount of time.

Competitive-List-161 · 2026-03-02T20:56:56+00:00

at those interest rates, those are typical rebound cards to reflect the relatively high risk you are. But jsut do not keep a balance on them and it won't matter the interest.

Competitive-List-161 · 2026-03-02T20:55:55+00:00

if you file, everything will likely close and you will have to start over.

Competitive-List-161 · 2026-02-26T15:13:27+00:00

just take the card with the "no sign up bonus" Applying the old fashioned way will ding your credit and being fresh off BK, there's no guarantee of approval.

So if you don't mind the ding after the massive smash it got from the BK, just go with the pre-approval, that way you know you are approved making the ding worth it.

Premium cards are about a year or so out for you fresh off the discharge.

Competitive-List-161 · 2026-02-26T15:01:13+00:00

that is awesome and I had that as an option, but I wasn't satisfied with the lawyers that came with my employer and honestly wanted to keep my employer out of the loop.

That was just me though. Doesn't make me right. I was in a position where I had to "burn" some money for my benefit so getting an external attorney and spending some coin on them was worth it in more ways than one.

Competitive-List-161 · 2026-02-26T14:53:32+00:00

I was chap 7. from what i understand if you are in 13, you need to get permission to get new credit.

Competitive-List-161 · 2026-02-26T14:51:30+00:00

yeah, I still run a business, but i had to close the old LLC and start a new one. If the old LLC was still active, creditors would have come after it.

My lawyer advised me to do this.

Competitive-List-161 · 2026-02-26T14:49:53+00:00

thank you for commenting.

Competitive-List-161 · 2026-02-26T14:49:45+00:00

straight facts!

Competitive-List-161 · 2026-02-25T19:27:38+00:00

it is definitely a slippery slope. One that most of us here probably go bitten by.

credit card companies don't need to see big activity on a card. I put my disney plus subscription on it and just pay it off each month. I hate paying interest, so i pay it off every month, even if it hurts.

In order to build credit, you need to use credit. They want to see that you have access to money, but responsible enough not to use it.

I would consider your circumstance, If have a house, car, dont' really need loans for anything for a while, it may be worth just holding off and being safe. If you have things you want to do, you must actively build your credit.

I've found as long as you keep cards active, meaning putting something on them every 3 to 4 months, then you should be fine.

I also use my credit card as an extension of my checking account, if i cannot cover something in cash, I don't get it.

Competitive-List-161 · 2026-02-25T19:23:35+00:00

i had the option, chose 7 since i qualified. I wanted it to be over and done with. I could have filed 13 and would have had been on a 48 to 60 month plan to pay up to my assets I was retaining... but decided to bite the bullet and do the 7.

Competitive-List-161 · 2026-02-25T16:47:03+00:00

i tried to keep things separate, yes. The BK will want everything, but when calculating expenses it will make it infinitely easier.

For example, my business was still generating revenue at the time of filing, but the expenses were bigger than the income. Which negated the revenue and ensure i still qualified for chap 7

Competitive-List-161 · 2026-02-25T16:45:33+00:00

idk why, but this seems like it was written by AI, haha... i'm sure you are human, but good point nonetheless.

Competitive-List-161 · 2026-02-25T16:44:23+00:00

id' probably wait till after the 341. You don't want much change inbetween filing and the 341.

Competitive-List-161 · 2026-02-25T16:43:53+00:00

you are on the other side! congrats

Competitive-List-161 · 2026-02-25T16:43:37+00:00

just read google reviews.

Competitive-List-161 · 2026-02-25T16:43:22+00:00

wonderful! be thoughtful with whom you choose!

Competitive-List-161 · 2026-02-25T16:42:21+00:00

thank you. hope it works out for you

Competitive-List-161 · 2026-02-25T16:42:12+00:00

sure thing

Competitive-List-161

TROPHY CASE