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No, credit card debt is always considered "unsecured" regardless of what legal action may have been implemented in the collection of monies owed,

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โˆ™ 2005-09-15 16:10:32
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Q: If your wages are garnished for a credit card debt do you list it as a secured debt when filing bankruptcy?
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Can you get garnished money back after filing bankruptcy?

No.


Will your credit rating be affected by your partner filing bankruptcy?

If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.


If a credit card company has sued you and the judge has your wages garnished can you include that credit card in your bankruptcy?

Yes! That's one of the most important parts of bankruptcy filing, the Automatic Stay, which STOPS garnishments, foreclosures, etc immediately. To the extent that your wages have already been garnished, you will not get that money back.


How long have to apply for a credic card after bankrupt?

You can apply for a credit card immediately after filing for bankruptcy. You are more likely to receive a secured credit card after filing however. If you can wait 6-12 months after filing, you will have a better chance of receiving a positive response.


Does bankruptcy ruin your credit?

This is an incorrect assumption that leads many people to avoid filing for bankruptcy. They fear that a bankruptcy will ruin their credit for a long time and that they will not be able to use credit, rebuild their credit or purchase a home in the future. The reality is that the majority of the people who are considering bankruptcy, already have poor credit, due to late payments, repossessions and foreclosures. Further, most people who file for bankruptcy can rebuild their credit to a relatively good level after two years. This depends significantly on what they do after filing for bankruptcy. It is important that you work toward rebuilding your credit after filing for bankruptcy.


Should you keep paying your credit card bills if you are going to file bankruptcy?

No. You should use your funds to pay your secured debts, such as home mortgage or car loan, if you intend to keep it after filing for bankruptcy


What bankruptcy information should you know before you consider filing for bankruptcy?

Bankruptcy is the filing of a petition that claims your assets, and your inability to pay for them. Bankruptcy severely effects your credit, and is present on your credit for 7 years. During this time getting credit cards or loans can be very difficult.


If you file bankruptcy will that remove a charge off report from a credit card?

Filing bankruptcy does not remove a charge off report from a credit card on your credit report. It just adds bankruptcy to your credit report.


Does filing bankruptcy raise your credit score?

In some cases, it actually does. This really depends on a lot of factors and variables, but I have seen credit scores increase 100+ points after filing a bankruptcy.


Can you charge on a credit card that is in your bankruptcy AFTER actually filing bankruptcy?

"Whether a debtor keeps credit cards after filing bankruptcy is up to the credit card company. If you are discharging a credit card they will cancel the card unless you reaffirm the debt. Even if you have a zero balance the credit card company might cancel the card."


Can you get debt relief after filing bankruptcy?

Bankruptcy IS debt relief. After filing bankrupt, you HAVE no more debts. No credit, either, but that's the way it works.


What is your credit score after filing chapter 7?

There is no set credit score that everyone is assigned after filing bankruptcy. How much your credit score drops depends on a lot of factors, including how many debts you discharged, what your score was before you filed, how many secured debts you reaffirmed, and what type of debts were discharged. Hope this helps!


Can you get your garnished wages refunded?

Depending on when your bankruptcy is filed, on the day it was filed, the wage garnishment must stop. If it didn't stop on that day, you are entitled to have your garnished wages refunded. However, no wages will be refunded prior to your bankruptcy filing date.


What can be done to build credit history after filing bankruptcy?

After filing bankruptcy, it is extremely important to be very careful to pay bills in full and on time. Missed payments or carrying credit card balances can negatively impact credit scores.


How can one get a car loan after filing bankruptcy?

To receive a car loan after filing for bankruptcy you will probably have to rebuild your credit before applying. You can also find a co-signer with amazing credit to counteract yours.


If filing bankruptcy do you stil have to make payment on credit cards?

No, do not make any payments until told to to so. Then it will only be the secured debts ( house-car ) that you will be keeping.


Is there a standard credit score after filing bankruptcy and if so then what is it?

No, a credit score is compiled from a consumer's complete credit history.


If your credit score is 565 after filing a chapter 7 bankruptcy that is not discharged will it lower more when the discharge becomes official?

Most likely, yes. One of the biggest effects that filing for bankruptcy has is on your credit. Bankruptcy will stay with your credit for roughly 10 years and because of that your score will decrease, at least initially.


Do you have to take a credit counseling course prior to filing bankruptcy?

yes


Would filing chapter 7 bankruptcy clear foreclosure from your credit report?

No, in fact it will leave a Bankruptcy record on your credit report for 10 years.


If you just divorced and already have foreclosures and repossessions on your credit report will filing bankruptcy help your credit score?

No, filing bankruptcy will never help improve your credit score, it stays on your report 10 years whereas a repo or foreclosure normally remain 7 years. So bankruptcy would only make your credit worse.


What can be done to attain employment at 60years old after filing chapter 7 bankruptcy What if there is reasonable reason for filing chapter 7 Could the reason for bankruptcy be told to the employer?

How to get after job filing chapter 7 bankruptcy once it appears on the credit report


How long after filing chapter bankruptcy for it to be removed from your credit report?

can you stop wage garnishment from your wages if you file bankruptcy


Is it ok to purchase a vechile after filing bankruptcy?

probably not because you would probably have bad credit because filing for bankruptcy so id have to say wait awhile.


Will filing a bankruptcy remove a judgment on credit report?

No, a BK does NOT remove negative items in credit reports.

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