Cutting up credit cards

[inhocknow]

Hello folks, thanks for all of your help. I have a question. Do you cut up and destroy your credit cards? Do you turn them back in to the credit card companies? Do you hand them to the trustee? Thanks for your great help.

[Boscoe]

No, you certainly don't give them to the trustee. I would hold on to them until you receive word that they are cancelled and your account is closed due to the bk.

If the card is not included in the bk, I would hold onto them, as you may get lucky and they won't close them. I got to keep 4 of mine, believe it or not.

Anything that has a balance, you might as well throw out and cut up, as they definitely will close the account.

[inhocknow]

Hello, thanks for your help. I'm sorry that I didn't clarify, I was only talking about the credit cards that I am including in my bankruptcy. Thanks for all of your great and terrific help.

[HHM]

No, you don't hand them into the trustee... but one of the trustees in my area asks debtors at the 341 meeting whether they have destroyed their credit cards

Doing so is generally a good idea.

Keep in mind, you have to include in your BK all credit cards on which you owe money.

[demismom]

I still have all of mine - but they're ALL canceled and that's fine by me!

[Cassiopeia]

I still have all of mine - but they're ALL canceled and that's fine by me!

Same with me. And mine were all cancelled even WAY prior to my filing BK. I had literally bottomed out.

[SinkingFast]

We had a CC cut up party one day. That's what we decided to do with the CC's we were including in BK.

As HHM mentioned, some Trustees do ask at the 341 if you have destroyed your CC's. Ours didn't but others here have reported that their Trustee did ask that question.