It's Christmas, Chanukah, Kwanza , Solstice, and other holidays.  Whatever your holiday, a major part of it is probably buying gifts.  You've come to this website because you are in financial trouble, but you want to buy holiday gifts before dealing with your problems.  Beware!

It is considered fraud to borrow money, such as using a credit card, then file bankruptcy without paying the lenders.  If you put off filing bankruptcy in order to buy holiday gifts with your credit cards, you will have to wait at least 90 days before filing.  And even that may not fix the problem.

The 90-day waiting period merely means that you are not presumed to have committed fraud.  Your creditors may still claim that you never intended to pay for the things you bought.  If the court agrees, your bankruptcy case could be dismissed or those debts might not be discharged.

If you are in financial trouble and thinking of filing bankruptcy, it is not a good idea to use credit cards to buy holiday gifts.  Buy only the gifts you can afford to pay for and deal with your financial problems now, before they get even worse.  And cut up your credit cards, throw them away, and make an appointment for a free consultation.