@beans said in [Stated Income, Credit Cards, Bankruptcy - Likelihood of fraud accusations?]
I cannot see any alternative to filing bankruptcy, but fear that I will be charged with fraud for overstating my income. My question is, do you think I am likely to get charged with fraud if I file chapter 7 bankruptcy? If so, or if not, why?
They did away with debtors prisons 100 years ago. I don’t think they base your credit card so much on income as on a track record of paying your monthly bills on time. Also, if they were dumb enough not to verify your income before giving you a card, that shouldn’t be your problem.