Can I keep my credit cards after filing for Chapter 7 Bankruptcy?

When it comes to filing for Chapter 7 Bankruptcy in North Carolina, the answer to the question “Can I keep my credit cards after filing for Chapter 7 Bankruptcy?” depends on a few different factors. Generally, if you have already used a credit card to make purchases in the 90 days prior to filing for bankruptcy, the court can legally require you to surrender it. This is because the court may consider the credit card debt as part of your bankruptcy filing. If you still have credit cards that have not been used within the last 90 days of filing for bankruptcy, it is possible to keep them. However, the court can still require you to surrender the cards if they decide that keeping them will not be in your best interest. If you are allowed to keep the cards, you will need to be able to demonstrate that you can use the cards responsibly and that the credit card debt you carry will not be an unreasonable burden. In addition, it is important to keep in mind that you may still have to make payments on any credit card debt you carry if you keep your cards after filing for bankruptcy. Depending on the cards you have, the court may require you to make a payment plan for the debt to reduce your financial burden. If you are able to establish a payment plan with the court, it may be possible to keep your credit cards after filing for Chapter 7 Bankruptcy in North Carolina.

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Can I keep my credit cards after filing for Chapter 7 Bankruptcy?

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