Can I keep my credit cards after filing for bankruptcy?

When an individual files for bankruptcy, the treatment of credit cards depends on the type of bankruptcy being filed and the individual's specific financial circumstances. In Chapter 7 bankruptcy, most unsecured debts, including credit cards, are typically discharged, which means the individual is no longer legally obligated to pay them. However, if an individual wishes to keep certain credit cards, they may need to reaffirm the debt with the creditor. This process essentially allows the individual to retain the card but requires continuing payments on the balance. In Chapter 13 bankruptcy, individuals reorganize their debts and create a repayment plan. They may be able to retain their credit cards, depending on their repayment plan and overall financial situation. It is important to note that even if an individual keeps their credit cards, they may face difficulties obtaining new credit or maintaining existing accounts due to the bankruptcy filing. For more specific information and personalized advice, it might be beneficial to look for resources on the Total Bankruptcy website or consult with a financial expert.