The Law Office of Mark J. Markus | Mark Markus
Well...the official answer to your question would be that any debt that is incurred without the intent to repay is fraudulent and would be non-dischargeable in bankruptcy. However, the creditors in question must prove that you did not intend to repay, so if you make payments on the cards for a while and then have a change in circumstance financially (lowered income or increased expenses), then it might be viable. It is also less likely to be objected to in a Chapter 13 than a Chapter 7. The longer you make payments on the cards after the purchase, the less likely it is the creditors will object, but there are many considerations and you should consult with a bankruptcy attorney to more fully evaluate your situation.
Answer Applies to: California