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Anthony
Anthony asked in Business & FinanceCredit · 3 years ago

If I go bankrupt can I keep my secured credit card or will they cancel that too?

6 Answers

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  • ?
    Lv 7
    3 years ago

    Depends on your choices. Talk to your lawyer.

  • ?
    Lv 7
    3 years ago

    SECURED cards should be exempt if you want them to be. But the money securing them is an asset you must report.

  • Damien
    Lv 6
    3 years ago

    credit cards are for people with good credit ratings, not people who cant pay their bills.

  • real estate guy
    Lv 7
    3 years ago

    the secured card is not part of the BK. Ask your lawyer

  • Tavy
    Lv 7
    3 years ago

    They cancel all lines of credit. It's cash only for the forseeable future.

  • Anonymous
    3 years ago

    The whole point of bankruptcy is to kill off your credit. Debt is what got you into trouble. Hasn't that occurred to you yet?

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