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Credit cards with no balance

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    Credit cards with no balance

    Do your credit cards with no balance get closed during a chapter 7

    Because most of the credit card companies subscribe to the Electronic Bankruptcy Noticing Center directly or indirectly through the credit bureaus, nearly 99.99% of credit cards, even with a $0 balance, are canceled. I did have two cards survive that were at $0 just by pure luck. One was a VISA and the other was Jareds. They worked perfectly after discharge. But then I poked the bear asking Jared for a credit line increase and they closed it because... bankruptcy.

    Expect that they'll all be closed. If the creditor doesn't close it automatically just use it with caution (after discharge).
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.


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