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!