By Ullian Associates of The Law Firm of Ullian & Associates, P.C. on April 1, 2015
Oftentimes clients express a desire to leave one of their credit cards off their bankruptcy filing. You are required to list all of your creditors on your bankruptcy and are not entitled to pick and choose which creditors are listed. Remember you are signing the paperwork under the pains and penalties of perjury stating that all of the information is listed and accurate. While we understand the impulse to exclude one credit card for emergencies, it is not an option. At the Meeting of Creditors (called the 341 Meeting) the Trustee will ask you under oath if all of the information is accurate.
Even if a Debtor does not owe anything on a credit card, the credit card company may still cancel that card once the bankruptcy is filed. The credit card company can (and most of the time will) choose to cancel your card and not offer you any more credit, even if it was not listed in your bankruptcy because no balance was owed.
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