Chapter 7 Bankruptcy Questions & Answers
Q&A
Asked in Ada, Michigan
|
Feb 2026
Will I retain any credit cards in case I declare Chapter 7 bankruptcy?
I own a Chase and JcPennys credit card, which has a zero balance; and Paypal account with a small balance. Under the case that I declare a bankruptcy may those three accounts be excluded off the bankruptcy or does the filing automatically subject them to default. When they are already in default, then can I keep them or not?
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