Submitted by Anonymous on Fri, 05/08/2009 - 14:14
Posted in
If I file bankruptcy am I going to lose all my credit cards?
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Editor's Response
That is something the individual card issuers will decide. If you are discharging the debt related to a particular credit card, that bank will certainly cancel your card unless you reaffirm the debt (agree to keep making payments even after your debts are discharged). Unfortunately, but perhaps understandably, many card issuers will cancel your credit card after you file bankruptcy, even if you have a zero balance. Good luck, and please tell your friends about The Forum.