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Once your bankruptcy has been dismissed, you can apply for and receive new credit. It is not recommended but many people do get new credit cards after filing. Usually a company included in a bankruptcy will not extend credit to you again.
Wiki User
∙ 9y ago
Wiki User
∙ 15y agoI've heard that, if you have one that is 0 balance, so they don't need to be considered a creditor and hence may not need to be notified - that it's basically a matter of luck that they don't hear about your problem. If they do know (say by running a credit check on renewal or such), and absolutely if they are a creditor (so they don't get paid on the credit they already provided), that line of credit will be cancelled.
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Can i get credit card after filing Chapter 7?
I filed Chapter 7 last year and when I applied for a credit card this year I was denied and the reason was "bancruptcy".
Can credit card debt be erased in Tennessee bankruptcy?
A Chapter 7 BK can eliminate credit card debt.
What could possibly be forgiven under chapter 7 bankruptcy?
credit card debt
What happens to the interest rate on your credit card if you've filed for Chapter 7 Bankruptcy?
If the credit card was included in the Chapter 7, nothing happens. The account will be closed by the creditor and the amount owed including any accrued interest is wiped out.
If would have a corporate credit card debt of $20,000.00 and was under stress, could I file chapter 7 and be forgiven of that debt?
It would depends entirely on your financial situation, there is not enough information to determine. If you were to file chapter 7, the that credit card would be forgiven.
Can a chapter 7 bankruptcy end a law suit on a credit card?
Yes. The legal action is terminated by the automatic stay. However, whether the credit card debt is discharged depends on how recently the card was used and for what.
If your sister co-signed a credit card for you and you are both on the card and you paid the card off and she ran it back up to the limit and has filed chapter 7 are you responsible for her debt?
Yes.
Can the credit card company take you to court if you were only an authorized user on the card and the actual card owner since filed for chapter 7?
No. AU's are not legally responsible for the debt.
How long does it take after a bankruptcy is discharged to show on your credit report?
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
Will they come after your most recent credit card purchases when your file for chapter 7?
No, they cannot come after the purchases. They can object to the discharge if you ran up your credit card balance before filing, and the purchases or cash advances were not for necessities.
Is chapter 7 good for a judgments and old bills credit cards?
yes! because in Chapter 7 bankruptcy is considered a straight liquidation of unsecured debt. In simpler terms, this means that all unsecured debt is discharged. in short its a judgement for your term in credit card bills.
You were waiting to receive a credit card it was taking way to long to get to you so you canceled it will this be bad for your credit?
It most likely will not hurt your credit to much, When you apply for credit it shows as an inquiry on your credit report. To many inquiries is bad. And opening an account and closing it right after shows instability to your credit report and it sticks there for 7 years.
