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Should I Make a Last Payment on My Credit Card Before I File Bankruptcy?

1 minute read Upsolve is a nonprofit tool that helps you file bankruptcy for free. Think TurboTax for bankruptcy. Get free education, customer support, and community. Featured in Forbes 4x and funded by institutions like Harvard University so we'll never ask you for a credit card. Explore our free tool


In a Nutshell

If you plan to file bankruptcy soon, making one last credit card payment won't hurt your case, but it also won't help it.

Written by Jonathan Petts
Updated September 15, 2021


Making a final credit card payment before filing for bankruptcy won't hurt your case, but it also won't help it. Almost all credit card debts are forgiven in bankruptcy, so making a payment when you plan to file bankruptcy means you will have that much less money to start over after your bankruptcy. 

If you feel morally obligated to make a payment though, go for it! 



Written By:

Jonathan Petts

LinkedIn

Jonathan Petts has over 10 years of experience in bankruptcy and is co-founder and CEO of Upsolve. Attorney Petts has an LLM in Bankruptcy from St. John's University, clerked for two federal bankruptcy judges, and worked at two top New York City law firms specializing in bankrupt... read more about Jonathan Petts

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Upsolve is a 501(c)(3) nonprofit that started in 2016. Our mission is to help low-income families who cannot afford lawyers file bankruptcy for free, using an online web app. Our team includes lawyers, engineers, and judges. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations. It's one of the greatest civil rights injustices of our time that low-income families can't access their basic rights when they can't afford to pay for help. Combining direct services and advocacy, we're fighting this injustice.

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