Can credit card companies come after you after bankruptcy?

Reaffirming Credit Card Debt in Bankruptcy Most credit card companies will allow you to keep the card if you reaffirm the balance and enter into a new agreement. But because companies don’t want to incur loss because of discharged debt, most will allow you to reaffirm the debt.

How long after bankruptcy discharge can I get a credit card?

A Chapter 7 bankruptcy takes approximately four to six months after the initial filing to be completed and your debts discharged. After that, you can apply for a credit card. A Chapter 13 bankruptcy, however, can take between three to five years as it’s a restructuring of your debt that you pay off over time.

Can a credit card company sue you if you file bankruptcy?

Filing bankruptcy can help you get rid of credit card debt. However, if you use your credit cards excessively knowing you intend to file bankruptcy, the credit card company can file an adversary proceeding (lawsuit) alleging fraud and asking the court to exclude the debt from your discharge. If successful, you’ll remain obligated to pay the debt.

When to file bankruptcy for credit card debt?

In Chapter 7 bankruptcy, the deadline for filing complaints challenging the dischargeability of a credit card debt is 60 days after the first meeting of creditors.

How are credit cards wiped out in bankruptcy?

In Chapter 13 bankruptcy, you pay off a percentage of your credit card debt through your repayment plan. The balance is wiped out at the end of your repayment plan. In Chapter 7 bankruptcy, your credit card debt is wiped out entirely without a repayment plan.

What happens if you max out your credit cards before bankruptcy?

If you max out your credit cards right before bankruptcy, the court may not wipe out the debt in your bankruptcy. Updated: March 27, 2019. Filing bankruptcy can help you get rid of credit card debt.