topic Re: Prepaid Cards prior to Bankruptcy in Bankruptcy

Prepaid Cards prior to Bankruptcy

jonben123 — Tue, 01 May 2018 15:03:41 GMT

Good morning all,

I will be filing bankruptcy in less than 2 weeks and just recently opened an Uber Debit card, using my SSN. The card does not show up on any of my 3 credit reports. Is it possible for the trustee to have record of this card or can I keep the card a "secret" during this process?

Re: Prepaid Cards prior to Bankruptcy

Anonymous — Tue, 01 May 2018 15:29:32 GMT

isn't this basically a checking account?

if so, you're going to have to provide the statements with your filing same as you would any other bank accounts.

Re: Prepaid Cards prior to Bankruptcy

jonben123 — Tue, 01 May 2018 15:31:51 GMT

I thought it was originally, however, the debit card company, GoBank, told me my account does not get associated with any of the three credit bureaus, which I also verified through my credit reports.

Re: Prepaid Cards prior to Bankruptcy

sarge12 — Tue, 01 May 2018 15:32:11 GMT

@jonben123 wrote:
Good morning all,

I will be filing bankruptcy in less than 2 weeks and just recently opened an Uber Debit card, using my SSN. The card does not show up on any of my 3 credit reports. Is it possible for the trustee to have record of this card or can I keep the card a "secret" during this process?

I would strongly advise against keeping anything secret from the BK court. Doing so can lead to a dismissal. In fact hiding assets can lead to criminal prosecution...I know this would not apply to this, but still...hide nothing!!!

Re: Prepaid Cards prior to Bankruptcy

Anonymous — Tue, 01 May 2018 15:34:49 GMT

@sarge12 wrote:
@jonben123 wrote:
Good morning all,

I will be filing bankruptcy in less than 2 weeks and just recently opened an Uber Debit card, using my SSN. The card does not show up on any of my 3 credit reports. Is it possible for the trustee to have record of this card or can I keep the card a "secret" during this process?
I would strongly advise against keeping anything secret from the BK court. Doing so can lead to a dismissal. In fact hiding assets can lead to criminal prosecution...I know this would not apply to this, but still...hide nothing!!!

^^^ ding ding ding

Re: Prepaid Cards prior to Bankruptcy

sarge12 — Tue, 01 May 2018 15:41:37 GMT

@jonben123 wrote:
I thought it was originally, however, the debit card company, GoBank, told me my account does not get associated with any of the three credit bureaus, which I also verified through my credit reports.

Checking accounts and debit cards are not debts, so they would not show on a credit report....If it is as you said prepaid, it is an asset. You will have to list all assets and debts on the paperwork you fill out under penalty of perjury as true to the best of your ability. So no...just don't do it!!!

Re: Prepaid Cards prior to Bankruptcy

jonben123 — Tue, 01 May 2018 17:26:04 GMT

Thank you all so much for the responses. I certainly have to agree at this point that the penalty very much outweighs any potential benefits in this scenario. I will ensure they are mentioned and listed accordingly.

Thanks all!