How Are Luxury Purchases Defined By Bankruptcy Court?

5 January 2017
 Categories: , Blog

When you file for bankruptcy, certain things automatically become ineligible for discharge, one of which is debt over $675 that was incurred 90 days before filing bankruptcy to purchase luxury items. The problem is the bankruptcy court only defines luxury items as anything that's not necessary for your (or your family's) survival, support, or maintenance, which can leave a lot up to interpretation. Here's how to tell if a recent purchase you made may be exempt from the bankruptcy discharge. Read More