
Quoting
Nam
My question involves bankruptcy in the state of: CA
I am considering filing Chapter 7 due to job losses and divorce(s). My attorney believes I will pass the means test. All of my credit card obligations are Paid as Agreed. There are no defaults or negatives on my credit reports, just excess credit used ratio to credit available.
1.) Prior to filing Chapter 7, can I use the remaining credit available on my credit card accounts to fulfill needs. What are the laws regarding purchases, cash advance, etc. on credit cards specifically?
2.) What happens to the active credit cards with a zero balance after the filing? Do I lose the credit?
3.) Should I open a secured credit card account now, or after filing? I will need a credit card for business travel purposes and for making small purchases online when necessary.
Thanks!