California City, CA Bankruptcy Law Firms & Lawyers

You should be able to determine that answer by looking at your contract with the store. Based upon your facts, the store may object to your bankruptcy discharge alleging that you didn't intend to repay the charges at the time you incurred them. If you weren't having financial trouble when you sold the store cards, why would you have done such a transaction? It would be best if you consult with a bankruptcy attorney regarding all of your facts and circumstances before filing a case.

Credit unions are subject to the automatic stay, just as all creditors are. If the credit union failed to get permission from the judge via a motion to lift the automatic stay, it may have violated the law and may be subject to sanction. If you do not have an attorney, now would be a good time to consult with one.

If you file jointly then your credit report will show that you filed for bankruptcy and will probably affect your credit. Bankruptcy sometimes actually improves your credit score. If your credit score is really bad it might improve your score because you no longer have outstanding debt but if you start with a high credit score then it will certainly go down. That does not mean bad credit for 10 years. It means you have to reconstruct your credit history and within two or three years you can have good credit again although the bankruptcy will be a negative for those 10 years.