Is there a way to keep a credit card I need when filing bankruptcy?

When filing bankruptcy, the loss of a credit card can be devastating. Many people rely on the convenience and security of credit cards for purchases and emergency situations. Fortunately, there are ways to keep your necessary credit card when going through bankruptcy.

One way is to file for Chapter 13 bankruptcy instead of Chapter 7. In this form of bankruptcy, debtors must complete a repayment plan rather than having all debts discharged. This repayment plan may include some or all of your creditors, including those associated with your needed credit card. If you meet the criteria for Chapter 13, you may be able to keep the needed credit card while making payments on any remaining balance due over time.

Another option is to contact your creditor directly before filing for bankruptcy if you have a relationship with them and have kept up with payments in the past.

The Law Offices of Omar Zambrano has helped thousands of people and them businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706