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Answered 2008-05-06 17:33:53

== == NO, you have to turn in any credit cards and include the credit card debts in the bankruptcy. You can't pick and choose what debts you are going to include.


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You can declare bankruptcy due to credit card debts, yes.

Yes. If you declare bankruptcy you must declare all cards, loans, assets and debts.

If you didn't actually declare bankruptcy, you can report the error to the credit bureaus. If you did declare bankruptcy, you'll have to wait for it to age off.

First thing you need to do if you want to declare bankruptcy is get credit counseling and see if this is what you should do. If you do decide to declare bankruptcy you need to file with the courts. Bankruptcy doesn't take away all debts such as child support.

It takes seven to ten years after you initially declare bankruptcy for it to drop off your credit report, and you really should wait at least 1-2 years after that to declare again I hope that helped.

How will this affect my credit score? How much does it cost? What can I declare in the bankruptcy? How long will it take?

Bankruptcy refinance helps homeowners who had bankruptcy or other credit matters get a home loan to find a payment assistance, and helps restore their credit while also achieving their financial security.

Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.

If its a mistake- you can dispute it with the credit agencies. If you did in fact declare bk- that you ca do NOTHING about, but should drop from your credit report in 10 years.

You either have to work out something with the credit companies or declare bankruptcy. The bankruptcy process will liquidate all of your goods and assets, with exceptions for minimal housing and vehicles, and allow you to start over. You will have to consult a bankruptcy attorney.

One of the most common first steps to repairing poor credit after bankruptcy is to get a secured credit card. This is because a secured credit card needs a security deposit in case you don't make payments.

Of course you can. If it is a large apartment complex or upscale home where a credit check is run, they may decline to rent to you just as if you had bad credit. Most of the time after bankruptcy that's the only way to get a residence.

The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.

Bankruptcy lowers your credit report.

There are many companies that specialize in bankruptcy credit counseling. Companies that specialize in bankruptcy credit counseling include Alliance Credit Counseling, American Consumer Credit Counseling, and Approved Bankruptcy Certification Services.

will bankruptcy increase you credit score over time

Once an individual has become bankrupt, the next step is to file Chapter 7, which means to declare bankruptcy. The process by which one can declare bankruptcy varies from state to state. However, there is generally some form of paperwork that needs to be filled out and filed. The paperwork should reveal how the individual should proceed from there.

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.

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.

You do not have to necessarily get credit counseling before you can file for bankruptcy.

A bankruptcy will remain on a credit report for the required ten years, it cannot be removed arbitrarily.

Write a letter of dispute to the credit repository. Include copies of your drivers license, social security card, utility bill, and your bankruptcy papers showing the referenced account. Ask that the bureau remove all notations other than "included (or discharged) in bankruptcy". Request a complete credit report after the account has been corrected. Repeat, as needed.

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.

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