Posted on
July 30, 2009
at
6:54 pm
I've heard that if a card doesn't have a balance (when filing 7 or 13) that you can still keep that card and use it, that it isn't affected. Is that true?
Posted on
August 2, 2009
at
3:37 pm
That is a good question. But you have to think of why one is filing for BK? It is to get out of debt. So why would one get into debt again?
Posted on
August 3, 2009
at
3:40 am
I'm a bit confused as to what the question is..were you asking if you can keep your credit card once you're in a bankruptcy?
Posted on
August 3, 2009
at
3:50 am
Not exactly mate, I think what he meant by "can one keep any cards that didn't have a balance?" was can he charge on those cards while in bankruptcy (?) I'm not sure what the legal answer should be because I'm not a lawyer but something tells me not to charge on them until he gets a discharge.
Posted on
August 3, 2009
at
3:55 am
I think he can use his credit cards with zero balance in bankruptcy if--he paid the balance long before he filed bankruptcy. Otherwise, the creditors and trustees might challenge his petition. Not only that, they may see it as you, having a preference (to pay) a creditor over the other. A thing like that would cost you your bankruptcy case.
