I’m Filing Bankruptcy, Can I Keep a Credit Card?
Basically, no. When you file bankruptcy, no matter if it’s chapter 7, chapter 13, or chapter 11, you must list ALL debts. You cannot leave any debt off of your schedules. ALL DEBTS MUST BE LISTED. Even if you owe money to a family member or friend, technically they have to be listed. The bankruptcy code mandates that all creditors be treated equally (depending on the class of the debt), and when you sign your bankruptcy petition, you do so under penalty of perjury, and stating that ALL debt has been listed.
Many are tempted to leave off a credit card, or some other creditor when filing bankruptcy. Don’t do it. If you want to pay a certain creditor, there is nothing wrong with making arrangements with the creditor once your bankruptcy is over.
Contact a qualified bankruptcy attorney if you are considering bankruptcy.
Call for a free consultation: (480) 447-1554