Legal News for Credit Union Managers Since 1990

Archive for May, 2021

13
May
2021

Nondischargeable Debt: Pre-Approved Credit Card Debt

Pre-Approved Credit Card debt held nondischargeable.  Here, the debtor received a pre-approved credit application and, within one and one-half months prior to filing a bankruptcy, borrowed more than $1,600 from ITT Financial Services (hereinafter “ITT”). Debtor failed to make any payments to ITT on his loan and sought to discharge the debt in bankruptcy. This […]

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