Wow! I know I am new to this, but someone please explain this to me. We have an existing Bank of America credit card with an existing balance of approximately $25,000. The credit limit is $30,0000. We filed Chapter 7 on March 10th (last week). We obviously did not make the last payment on this card which was due on February 23rd (about 22 days ago). Yesterday, in the mail comes two new cards to "replace" the existing cards. The cards were not set to expire until 2012 and we didn't request new cards at any time, so this was clearly initiated by the credit card company on their own.
Here's the catch...the credit card company states in the letter attached to the cards that these cards, with an entirely new account number, are to replace the current cards ending in the current account number and that "any preexisting account balance will appear on this card."
I'm not sure if Bank of America has been notified yet of our filing for bankruptcy, but I would assume so. We listed them and the $25,000 on our list of creditors to our attorney. So are they just trying to pull a fast one? My guess is that if we activated these cards and/or then used them, we would be in violation of our bankruptcy because we would really be racking up more charges on the old account (even though it has a new account number because it clearly states that this "replaces" the existing account and the existing balance carries over). Also, by doing that, couldn't they get our bankruptcy thrown out? I assume this is a trick to get us stuck paying off this debt to them after all. Am I right?
Let me just say that we have no intention of opening a new credit card line. We want to start fresh and not end up in the same boat. And, I assume this isn't "illegal", since they are not hiding the fact that this is a new account number but carrying over the existing balance. But, how is this just not plain old wrong? I didn't think the creditors were supposed to contact the debtors once the the filing took place. What am I missing here???
Here's the catch...the credit card company states in the letter attached to the cards that these cards, with an entirely new account number, are to replace the current cards ending in the current account number and that "any preexisting account balance will appear on this card."
I'm not sure if Bank of America has been notified yet of our filing for bankruptcy, but I would assume so. We listed them and the $25,000 on our list of creditors to our attorney. So are they just trying to pull a fast one? My guess is that if we activated these cards and/or then used them, we would be in violation of our bankruptcy because we would really be racking up more charges on the old account (even though it has a new account number because it clearly states that this "replaces" the existing account and the existing balance carries over). Also, by doing that, couldn't they get our bankruptcy thrown out? I assume this is a trick to get us stuck paying off this debt to them after all. Am I right?
Let me just say that we have no intention of opening a new credit card line. We want to start fresh and not end up in the same boat. And, I assume this isn't "illegal", since they are not hiding the fact that this is a new account number but carrying over the existing balance. But, how is this just not plain old wrong? I didn't think the creditors were supposed to contact the debtors once the the filing took place. What am I missing here???
- Still awaiting Closed Status 
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