Pages
Stay In Touch
More
jweber@vaughnweberlaw.com
rvaughn@vaughnweberlaw.com
tprakope@vaughnweberlaw.com
Keep Credit Cards in Bankruptcy
On May 14, 2011, in Bankruptcy, by Robbie L. Vaughn, Esq.
Bankruptcy and Credit Cards
Can I list only some of my credit cards when I file bankruptcy?
Maybe.
This question comes up rather often. If you are going to file bankruptcy, you are required to list all of your creditors. If you don’t owe any money on a certain credit card (zero balance), then they are not a creditor and you don’t have to list them on your bankruptcy schedules. However, this does not mean that your credit card account won’t be closed anyway. Many credit card companies monitor bankruptcy filings and will close your account when they find out that you have filed bankruptcy. You may be able to keep the account open by reaffirming the debt. Reaffirmations can have serious consequences. Your bankruptcy attorney will be able to advise if reaffirming the debt makes sense in your case. Be sure to inform your bankruptcy attorney of ALL your credit card accounts so that he or she can properly advise you.
New York Bankruptcy Attorneys
We proudly assist residents of Long Island (Nassau county, Suffolk county) and New York City (Queens, Brooklyn, Bronx, Staten Island, Manhattan) with their bankruptcy filings.
Call (516) 858-2620 to arrange a FREE consultation with a bankruptcy attorney!
Tagged with: bankruptcy attorney • bankruptcy attorney long island • bankruptcy attorney new york • bankruptcy attorney queens ny • bankruptcy attorney suffolk county ny • bankruptcy filings • bankruptcy lawyer bronx • bankruptcy lawyers in queens • consultation • credit card account • credit card accounts • credit card companies • credit cards • filing bankruptcy on only some of your credit cards • free bankruptcy • free consultation • list all my credit cards? • Long Island • mineola ny • nassau county • new york city • suffolk county new york • zero balance
Comments are closed.
