View Full Version : What about a CC w/ $0 balance after Chapter 7 - do they cancel even good cards?
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Hank Freeman 01-04-2004, 06:38 PM If I have a CC with no balance ($0), will it be taken away as part of filing Chapter 7? [I do have other cards which will be in the BK]. Thanks-Hank Apophis 01-04-2004, 07:22 PM Most likely the cc company will close it even if it isn't included. "Hank Freeman" <mail@beaufreeman.com> wrote in message news:c81f5e61.0401041838.2d00c6dd@posting.google.c om... If I have a CC with no balance ($0), will it be taken away as part of filing Chapter 7? [I do have other cards which will be in the BK]. Thanks-Hank Brett Weiss 01-04-2004, 07:58 PM It's impossible to say. I've had clients had some zero balance cards canceled and others not canceled. And the same lender could cancel them in one case but not in another. -- Brett ************************************************** *************** * Personal Injury/Malpractice Bankruptcy * * * * BRETT WEISS, P.C. * * Attorneys at Law * * Maryland, D.C. and Federal Bars * * lawyer@erols.com * * http://www.erols.com/lawyer * * * * Small Business Estates & Estate Planning * ************************************************** *************** The Small Print: This response is for discussion purposes only. It isn't meant to be legal advice and you shouldn't treat it as such. If you want legal advice, speak with a local lawyer familiar with your state's laws who can review *all* of the facts and the law applicable to your situation. ************************************************** *************** "Hank Freeman" <mail@beaufreeman.com> wrote in message news:c81f5e61.0401041838.2d00c6dd@posting.google.c om... If I have a CC with no balance ($0), will it be taken away as part of filing Chapter 7? [I do have other cards which will be in the BK]. Thanks-Hank * Find more information on Business Bankruptcy Laws. |
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