"Can You File Bankruptcy On Credit Cards" Discussion

Upsolve Community Member
Hi Dennis, It depends on which bills you're asking about- this article can help describe what to do about different types of bills you might have: https://upsolve.org/learn/bills-to-pay-after-bankruptcy/ Here is an additional article on credit cards to give you some guidance: https://upsolve.org/learn/should-i-keep-paying-my-credit-cards-if-i-am-going-to-file-bankruptcy/

Upsolve Community Member
Hi Dennis! I am Upsolve alumni and received my discharge in the summer of 2020. Everybody's financial situation is different, to be sure, but IMO, one of our objectives from a personal finance standpoint is to have a "clean" credit report. 

Upsolve Community Member
When we emerge from Chapter 7, there will be a Public Record (Bankruptcy) on the reports, and all creditors listed in our bankruptcy will be deleted. However, LATE PAYMENTS will remain which figure into your credit score. So, IMO, the more you are able to keep payments on time until filing, the better! :-)

Upsolve Community Member
The Upsolve Community has a new "Room" called [Managing Personal Finances]](https://my.upsolve.org/rooms/19) where these kinds of conversations will be taking place! I hope to see you there! :-) 

Upsolve Community Member
Dennis, you might also be interested in reading https://upsolve.org/learn/stop-using-credit-cards/ to learn more about the court's point of view on your credit card use. 

Upsolve Community Member
Hello Gloria, Most people can keep their car and get debt relief by filing bankruptcy. Here is an Upsolve Article that covers this topic: https://upsolve.org/learn/can-keep-car-file-bankruptcy/ However as far as your credit cards, all accounts will be closed. Do not hesitate to ask any further questions.

Upsolve Community Member
The Learning Center has a short-to-the-point answer to https://upsolve.org/learn/keep-credit-card/ you might want to take a second to read. There is also an article https://upsolve.org/learn/file-for-bankruptcy-for-credit-card-debt/ that discusses credit cards and Chapter 7 bankruptcy in more detail.  

Upsolve Community Member
Thank you for the feedback I appreciatd.

Upsolve Community Member
Hello Amanda, It depends on which bills you're asking about- this article can help describe what to do about different types of bills you might have: https://upsolve.org/learn/bills-to-pay-after-bankruptcy/ Here is an additional article on credit cards to give you some guidance: https://upsolve.org/learn/should-i-keep-paying-my-credit-cards-if-i-am-going-to-file-bankruptcy/

Upsolve Community Member
Hi Amanda! Erin pointed you to great info on this subject. After exhausting every avenue with the banks and arranging payment plans with lower monthly payments and, in some cases, lower interest rates, it STILL wasn't going to be enough to allow me any breathing room to live life, and that is when I decided to file Chapter 7. For me, I was perfect at paying on time (credit cards only) while I was trying to keep my head above water. It turns out I had one late payment with Cap 1 and I disputed that with the 3 credit bureaus. My reasoning was to have clean credit reports other than the Public Record of Chapter 7 bankruptcy. To answer your question, I filed on a day where the majority of my credit balances were coming due in the billing cycle. This isn't advice, but it is telling you my experience that perhaps will help you. :-) 

Upsolve Community Member
Keep in mind you'll need to take a credit counseling course before you file. I recommend reviewing Upsolve's guide https://upsolve.org/learn/how-to-file-bankruptcy/ to get a better idea of the timeline. 

Upsolve Community Member
We all have our different reasons, but with upsolve it’s a great tool to help you. 

Upsolve Community Member
Hi Tarshi! OK, if you aren't asking why Upsolve was developed to assist those who cannot afford attorney (which was to give ALL PEOPLE an equal opportunity to file bankruptcy) then you are asking why we file, right? Well, I filed because an unfortunate event hit our family and my credit cards eventually got maxed out. I had paid on time but, eventually, my income wasn't enough to keep up with the bills. How about you? :-)

Upsolve Community Member
What is the billing payment you are referring to? Have you already filed you BK?

Upsolve Community Member
Hi Nicole, It depends on which bills you're asking about- this article can help describe what to do about different types of bills you might have: https://upsolve.org/learn/bills-to-pay-after-bankruptcy/ Here is an additional article on credit cards to give you some guidance: https://upsolve.org/learn/should-i-keep-paying-my-credit-cards-if-i-am-going-to-file-bankruptcy/

Upsolve Community Member
Since you're filing for bankruptcy soon, you might also be interested in the article https://upsolve.org/learn/stop-using-credit-cards/.