here is what a lawyer told me

[Hank Freeman]

I had my first free initial consult. with a lawyer.

He advised me to stop paying my CC the month before I file to save the
money.....but I have read posts in this group about the negative
impacts of late payments in your Credit Report. Given it would be
going to Chp. 7 anyway would a late payment or two (?) make any
difference?

 

[none]

I had my first free initial consult. with a lawyer.

He advised me to stop paying my CC the month before I file to save the
money.....but I have read posts in this group about the negative
impacts of late payments in your Credit Report. Given it would be
going to Chp. 7 anyway would a late payment or two (?) make any
difference?

As long as the account shows as "included in bankruptcy," then it
doesn't impact your score. Just the BK filing does that. If it is
incorrectly reporting as a "charge-off," then that will lower your score.

 

[Brett Weiss]

It's good advice.

--
Brett

*****************************************************************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* (e-mail address removed) *
* www.brettweiss.com *
* *
* Small Business Estates & Estate Planning *
*****************************************************************

The Small Print: This response is for discussion purposes only. It isn't
meant to be legal advice and you shouldn't treat it as such. If you want
legal advice, speak with a local lawyer familiar with your state's laws who
can review *all* of the facts and the law applicable to your situation.
*****************************************************************

 

[K Kim]

If you have decided to file Chap 7, why do you want to continuing
paying them? I would stop immediately right now. You are just
throwing your money away.

 

[moe]

The impact will be minimal. However, I would file before any go 60 days late if
you can without undue stress.

moe