question.jpgIn Bankruptcy

Can I keep my credit cards if I file for bankruptcy?

Not really; if you discharge the credit card in bankruptcy, obviously, you are going to lose that card. However, if you don’t include a particular credit card in your bankruptcy proceedings, you may be able to hang on to it, at least until the credit card company finds out that you filed for bankruptcy, in which case the issuer may decide to stop your credit line. For cards that you are not in default on, or are paying regularly and are current, you also have the option of not including those in your bankruptcy and hanging on to it, but why would you? If you are going to file bankruptcy, you may as well have all of your debts discharged, right?