In most situations, you aren't allowed to keep your credit cards as you go through the bankruptcy process.
When you file for bankruptcy, you have to list all of your debts, including credit card debt. Bankruptcy will help you get rid of the debt on those cards, but you won't be able to continue using them.
However, if you have a credit card that's had a zero balance for a long time, you might be able to keep it. Also, if a business owner needs a credit card, or if some specific emergency situation requires one, it's possible to petition the court for a special exception.
Even if you have a zero balance, the credit card company may still choose to shut down your account when they realize you've filed for bankruptcy. Talking to them ahead of time might allow you to keep your card, but it's not something you should rely on.
Also, don't try to pay off one of your cards quickly before filing for bankruptcy, while leaving the others in high debt — this looks suspicious.
After you've filed for bankruptcy, it's certainly possible to get another credit card. These cards will usually have a low spending limit and a high interest rate.
If credit card debt was a part of the reason you had to file for bankruptcy, be careful not to fall into the same bad habits as you start again. Paying off your balance regularly will help you to restore your credit score over time.
If you're overwhelmed with credit card debt and would like to consider your options, we can help. Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.