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      Keeping a Credit Card During Bankruptcy in St. Paul, Minnesota

      Posted by Danielle Lin on December 15

      A debtor filing for bankruptcy may choose to keep a credit card. When filing for bankruptcy, all of the debtor’s creditors must be listed in the schedules. A creditor is an entity that has a claim against the debtor that arose at the time of or before the order for relief concerning the debtor. § 1010(10). Once a debtor’s bankruptcy case is filed, a notice gets sent out to all of the debtor’s creditors listed in the schedules. Usually, upon receipt of the bankruptcy notice, a credit card company as a creditor, will close the debtor’s credit card. However, there are certain situations and circumstances in which a debtor may keep a credit card during a bankruptcy.
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