BK is all or nothing. You must include all credit accounts which have a balance. Some people think you can pay off a card immediatley before BK and exclude it, but that is bankruptcy fraud unless you paid it off 6+ months before you file and didn't use it at all after the payoff.
On the bright side, I included both C1 and Orchard (HSBC) in my BK7 and got both shortly thereafter. See this thread:
-SM
Starting Score: ~470 preBK(8/2010)
compassion101 wrote:
SoulMaster wrote:BK is all or nothing.
I wonder is this a recent change then? When I had my BK (8 years ago) I did not include my car loan. I also had a CC that I left on there that I shared with my mother at the time, maybe I was just an AU on it, II'm not certain but the lawyer told me I could exclude anything I didn't want to include on the BK.
He might have told you you could "reaffirm" anything you wanted to. If he did, he wasn't a very good lawyer... good lawyers won't let you reaffirm anything. BK is for a fresh start, not to wipe out "some" of your debt.
I'm not sure what the full gamut of changes were when they rewrote the BK code in 2005, but that could be it. I'm unfamiliar with any of the rules before the current ones, and I am positive that the current ones are all or nothing.
-SM
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