Legal Question in Credit and Debt Law in Pennsylvania
default on bankruptcy
I recently was declared for bankruptcy, now one of the banks I chose to repay in good faith are saying they are calling default. What does this mean and what is the next step.
Asked on 6/24/08, 6:22 pm
1 Answer from Attorneys
John Gibson
John W. Gibson, Esquire
Re: default on bankruptcy
I'm not sure what the question is. It sounds to me like there is a credit card involved and the credit card company does not want to extend credit in the future because of the bankruptcy/ In other words, they are not seeking a reaffirmation of the debt. You can still pay them if you want but they don't have to lend you money in the future.
Answered on 7/07/08, 2:50 pm