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Can I Keep One of My Credit Cards During Bankruptcy?

Overdraft charges This is a common question.  Plain and simple, the answer is no! We understand that you may like to use a credit card for travel or everyday purchases, and even if it is paid in full at the end of the billing cycle, it CANNOT be kept through a bankruptcy.  A debtor is required to list all debts in bankruptcy. The bankruptcy discharge, once entered will then discharge the credit card balance.  It is very doubtful that a credit card company will extend new credit on the same account that was just discharged.  If you have an account with a zero balance, then it isn't considered a "debt" and technically, it isn't required to be listed in the bankruptcy.  However, the credit card company will find out about your bankruptcy from the credit bureaus and will most likely cancel the account, even if it wasn't listed in the bankruptcy.


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