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- Don't Rack Up New Debt If you ran up debt during the 70 to 90 days before filing bankruptcy, beware unless it was for life necessities, such as food, clothing, and utilities. The creditor might object to your discharge by arguing that you took out the loan without intending to pay it back (called fraud).www.nolo.com/legal-encyclopedia/what-not-do-before-bankruptcy.html
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WEBMay 15, 2020 · Even though it's tempting to do so, don't rack up new debt during the 70- to 90-day period before filing for bankruptcy. Your creditors can object to your request for a bankruptcy discharge on the ...
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