topic Re: What credit cards, if any could you keep during Ch. 13? in Bankruptcy

What credit cards, if any could you keep during Ch. 13?

QueenBeeOC — Fri, 03 Apr 2020 00:23:01 GMT

Long story short - 2 job losses in 1.5 years and we are filing a Ch. 13 at the end of the month. I have a Capital One card that dates back to 2002 - It's my oldest tradeline, never been late on it. Could I keep that or really any of credit cards that are still active in the 13? We have over the exemption in equity in our home so we will probably be paying a large chunk to unsecured debt. Right?

Re: What credit cards, if any could you keep during Ch. 13?

pip3man — Fri, 03 Apr 2020 01:54:47 GMT

The answer is no. Soon as you file whether or not you include them in the BK 13 your account will be automatically restricted and shutdown. The same goes for about every other lender out there

Re: What credit cards, if any could you keep during Ch. 13?

FireMedic1 — Fri, 03 Apr 2020 07:32:12 GMT

The only card that seems to survive with folks most of the time is the Kohl's card. Dont know why. Otherwise.Zippo. Good luck on your journey.

Re: What credit cards, if any could you keep during Ch. 13?

ZeroAPR — Sun, 05 Apr 2020 04:19:34 GMT

I was able to keep Kohls and Target Red Card

Re: What credit cards, if any could you keep during Ch. 13?

twono — Sun, 05 Apr 2020 10:58:41 GMT

@FireMedic1 wrote:
The only card that seems to survive with folks most of the time is the Kohl's card. Dont know why. Otherwise.Zippo. Good luck on your journey.

My Kohls survived as well. My thinking is that since the max credit limit on the Kohls is only $3000, CapOne doesn't have much to lose by leaving it open, with hopes of recouping some of their losses from the CapOne cards that were IIB by filers.

I burned CapOne for about $30k and they left my Kohls open.

FYI for those that don't know, Kohls is financed through CapOne.