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  1. #1
    Join Date
    Aug 2010
    Posts
    1

    Default Want to File Bankruptcy but Keep Good Accts

    My question involves bankruptcy in the state of: california

    i have alot of chargeoffs judgements etc i want to file bankruptcy but keep a credit card acct i recently opened 2 weeks ago is it possible for me to keep this acct while filing bk on the other accts.

  2. #2
    Join Date
    Jan 2010
    Location
    New Jersey
    Posts
    3,666

    Default Re: Want to File Bankruptcy but Keep Good Accts

    Yes you can keep the account but once the credit card company that you want to keep updates there database by running your credit score they will find out about your BK. They will ether close your account or jack your rate up into the 20's while lowering your credit limit.

  3. #3

    Default Re: Want to File Bankruptcy but Keep Good Accts

    When you file for bankruptcy you have to list all debts that are owed. If you have a credit card that has no balance then they do not have to be notified of your bankruptcy or be reported. Although a 0 balance account may not be listed in your bankruptcy they generally will find out about your bankruptcy through puling your credit report. Credit card companies routinely review credit reports to determine if they want to keep you as a customer. Most credit card companies may close your account after they note that you have filed for bankruptcy.

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