Can I file for bankruptcy if I just took a cash advance?

Technically, yes you can, but usually it is not a good idea to take a cash advance and then turn around and file for bankruptcy.  You could have a fight on your hands about getting the debt discharged (cleared).  Depending on certain circumstances like the amount, how soon before your bankruptcy you did it, and why you did it, there’s a change you will have to pay it back. Also, any cash advances that add up to $750 or more taken in the 70 days before a bankruptcy is filed will be presumed to be non-dischargeable. This doesn’t mean that you should forget about bankruptcy as an option if you are struggling financially. It may just mean that you need to be smart about how and when you do it. An experienced bankruptcy lawyer will help you understand your options. If you are worried about a cash advance you have recently taken and how it can affect your bankruptcy, do not hesitate to call O’Connor Cadiz law to get some guidance.  Bankruptcy is complex, let us answer your questions. 

Carol O'Connor Cadiz
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Attorney & Owner at O'Connor Cadiz Law: Injury & Accidents, Disability Insurance.