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That is up to the person filing the bankruptcy. You can include or omit any debt that you choose.

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17y ago

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What can you do if a credit card was not listed in your bankruptcy but was on your credit report and credit card co did a review for credit line increase and saw the bankruptcy and notated the account?

That depends on HOW they notated the account. If they marked it as 'included in bankruptcy', even if you did not list them on your creditor matrix, you probably will not succeed in disputing it, but you can try.


What if you filed for chapter 7 then your car that you owes from a credit union was totaled and you buy it back from them will the court dismiss your line of credit with that credit union?

No. You probably didn't include the car loan in the bankruptcy (if you did you wouldn't have the car anymore). If debt wasn't included in the bankruptcy you still owe it. Was the car insured? Usually if there's a loan on it the loan holder requires full coverage insurance. I'm not sure what the line of credit has to do with the car.... but if that line of credit account number was included in the bankruptcy it will/was discharged.


Can you use line of credit to buy a house?

You can contact your bank or financial institution for Housing Loan for buying a house, by using their line of credit.


Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?

No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.


How can I use a line of credit to buy a house?

You can use a line of credit to buy a house by using it as a down payment or to cover the costs of purchasing the property. However, it's important to carefully consider the terms and interest rates of the line of credit before using it for such a significant purchase.

Related Questions

What can you do if a credit card was not listed in your bankruptcy but was on your credit report and credit card co did a review for credit line increase and saw the bankruptcy and notated the account?

That depends on HOW they notated the account. If they marked it as 'included in bankruptcy', even if you did not list them on your creditor matrix, you probably will not succeed in disputing it, but you can try.


What if you filed for chapter 7 then your car that you owes from a credit union was totaled and you buy it back from them will the court dismiss your line of credit with that credit union?

No. You probably didn't include the car loan in the bankruptcy (if you did you wouldn't have the car anymore). If debt wasn't included in the bankruptcy you still owe it. Was the car insured? Usually if there's a loan on it the loan holder requires full coverage insurance. I'm not sure what the line of credit has to do with the car.... but if that line of credit account number was included in the bankruptcy it will/was discharged.


Will your credit report only show a discharged bankruptcy or will it also show all the accounts included in the bankruptcy?

Your credit report will show both the accounts (which were listed first) and the legal entry of the bankruptcy in the public records portion of your credit report. Once a bankruptcy is discharged, credit grantors should update the account listing (called a trade line) and make sure that no derogatory information is showing (like past due balance or collection account notations) EXCEPT for the "included in bankruptcy" statement. This is what SHOULD happen. It's up to you to follow up and make sure that your credit report looks like it is supposed to after a bankruptcy.


If you owe money to a casino credit line can it be included in your bankruptcy?

It must be.EVERYTHING you owe and EVERYTHING you own is included in the BK. They are given different priorities by the Court (some of either may be exempt)....but you do not pick and chose what you include. Basically all of your assets are used to pay your debts.


How do you stop a creditor from updating the account that is included in bankruptcy?

Make sure the creditor was notified that their debt was included in and discharged through your bankruptcy. Once notified, they cannot legally update a trade line.


What is a credit line in a newspaper?

A credit line in a newspaper is where reference is made to items included in the article from another source, such as research material.


Can you use line of credit to buy a house?

You can contact your bank or financial institution for Housing Loan for buying a house, by using their line of credit.


Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?

No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.


Will your credit card be canceled after chapter 7?

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.


Can a bank decrease unused portion of existing home equity line of credit after filing for chapter 7 bankruptcy?

if you want it to


How can I use a line of credit to buy a house?

You can use a line of credit to buy a house by using it as a down payment or to cover the costs of purchasing the property. However, it's important to carefully consider the terms and interest rates of the line of credit before using it for such a significant purchase.


Can they take your house if you do not pay your credit card?

Only if the credit card an "equity line of credit" which is secured by a second mortgage on the property. But then, if her name is not on the house, she couldn't have used it for security on the credit card, so NO.