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Keep open or close down cards?

Posted on: 06th Jun, 2013 01:44 am
Is it possible to keep my credit cards active as they are not in arrears and carry very low balances or will my credit union close down my accounts when they notice that I've filed for BK?
hi sm,

it should be noted that when you file bankruptcy, all your accounts will be shut down. you will also have to list all creditors when filing bankruptcy. you won't be able to pick and choose.

take care
Posted on: 06th Jun, 2013 02:09 am
Welcome SM,

Your credit cards won't remain active when you file bankruptcy. As Sara has suggested, they will be closed by the creditor.
Posted on: 06th Jun, 2013 08:26 pm
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