You don’t need to list the ZERO balance card, but in almost all cases, the account will be closed after filing bankruptcy.
High possibility – discuss this with Mr. Hixson.
This is unknown and depends on the individual creditor’s policies.
In most cases (90%) they will not close an account in good standing.
They may go up if based on your credit score.
Chapter 7 takes about four months to complete. Chapter 13 takes three to five years to complete depending on the extent of your debts and your incomeTOP TEN THINGS YOUR BANKRUPTCY ATTORNEY HATES TO HEAR
10. “I know I told you that I only expected a small tax refund, but my accountant says I’m getting back a large refund! Isn’t that great?” No, its not. Your attorney can protect your property, but unexpected large cash sums are difficult to protect during a bankruptcy. Generally it is advisable to receive (and spend) your income tax refund prior to filing your
You have to start over and have to spend more money. Not to be confused with DISCHARGED – which means you’re done
Your bankruptcy discharge is the light at the end of the tunnel when you file for bankruptcy. A bankruptcy discharge : 1) releases you from personal liability for certain specified types of debts. In other words, you are no longer legally required to pay any debts that are discharged. The discharge is
2) a permanent order prohibiting your creditors from taking any form of collection action on discharged debts, including legal action and communications with you, such as telephone calls, letters, and personal contacts.
It depends on which type of bankruptcy is filed. Under Chapter 13, the only debts discharged are those included in the repayment plan. Additional exceptions may apply, depending on the case.
Under Chapter 7, although most debts are discharged, there are still exceptions:Most student loans Recent federal taxes Child support and spousal maintenance Government-imposed restitution, fines, or penalties resulting from criminal activity Debts from fraud, embezzlement, larceny, or breach of fiduciary duty