Secured card in Ch7?

[multipass]

I've had a secured credit card for a few years; what happens to those in CH7? If/when they cancel it will they send back the money securing it?

[justbroke]

It really depends on the creditor. The creditor is allowed to keep it as deposits can be used to setoff a debt prior to filing. I had one with Wells Fargo and they cancelled the card and returned the deposit. I was not expecting the return of the deposit. You should not expect the return of the deposit.

[leonel9]

The card may also be closed. You could always call the bank's bankruptcy department and ask them what happens. If you can't get a straight answer, or if the creditor says they will close the card, I would consider closing the card before filling, to ensure you don't have a secured card reported as "included in bankruptcy." If you have a balance, you may be able to have them apply the security deposit to the remaining balance. As long as it isn't a large balance, that is.