Clients often ask if it’s okay to keep one credit card when they file bankruptcy. The answer is no. All debts must be disclosed and this includes all credit cards.
After filing bankruptcy, clients get many credit card offers. I have a client who filed chapter 7 (due to credit card debt) and has received 3 offers for credit cards (and he’s not even discharged from the bankruptcy yet). These are offers for secured credit cards, meaning he gives cash to the credit card company in advance, and then draws on that cash.
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