Can I even rebuild after BK7 if I had almost every CC?!?

[Blazesian]

I am truly worried about possibly filing for BK7 because RIGHT before I crashed I applied for almost every card mentioned in the forums (same day, same time) and was approved for most of them. So I'm unsure if I can even rebuild with the plans being mentioned.

Here is my list of cards & limits when I 

Credit One - $650 limit 

Synchrony Bank/Amazon - $3000

Discover / Walmart - $1,500

Barclays Card - $3000

Capital One - $5,750

Capital One - $2,000

Discover - $3,000

Macys - $1,000

Jared - $4,500 limit that was lowered to my balance of $900 after two missed payments and after having the account since 2011 with NO issues & multiple large purchases paid off

Kay Jewelers - $2,000 limit (no balance - it shows paid as agreed)

Nordstrom - $3,000

Rooms2Go: $1,000 (no balance - shows paid as agreed but was also closed during my struggle)

JC Pennys: $300 (no balance, closed during struggle)

Synchrony Bank/PayPal - $3,000

Walmart - $650 (No balance, perfect payment history but was closed when I was late on my Discover/Walmart account)

TD Bank/ Target $300 

Texas Trust Credit Union CC - $2,000

Loans: 

First Convenience Bank - $1,500/$800 balance when charged off.

Texas Trust Credit Union - $8,000/$7467 balance when charged off.

Currently, I have the following in good standing and have timely payments for the past year. I've had all of the accounts for TWO years but only in the past year have I used them to try and help rebuild my credit.

- Capital One/Justice - $500 limit 

- Capital One/Neiman Marcus -  $700 limit

- Khols - $300 limit

- Comenity Capital Bank? /Zales - $500 limit (no payments or purchases ever but it's still open)

[medicgrrl]

Which one's have balances?  They'll only include in bankruptcy the accounts that are open or have balances.  You can close the $0 balance accounts.

[Blazesian]

Every card above listed had a balance unless specified. They've been in collections for over a year at this point (Except Discover & Nordstrom). 

At the bottom, I listed the four cards that are active and have no delinquencies. 

[Anonymous]

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@Blazesian wrote:

I am truly worried about possibly filing for BK7 because RIGHT before I crashed I applied for almost every card mentioned in the forums (same day, same time) and was approved for most of them. So I'm unsure if I can even rebuild with the plans being mentioned.

Here is my list of cards & limits when I 

Credit One - $650 limit 

Synchrony Bank/Amazon - $3000

Discover / Walmart - $1,500

Barclays Card - $3000

Capital One - $5,750

Capital One - $2,000

Discover - $3,000

Macys - $1,000

Jared - $4,500 limit that was lowered to my balance of $900 after two missed payments and after having the account since 2011 with NO issues & multiple large purchases paid off

Kay Jewelers - $2,000 limit (no balance - it shows paid as agreed)

Nordstrom - $3,000

Rooms2Go: $1,000 (no balance - shows paid as agreed but was also closed during my struggle)

JC Pennys: $300 (no balance, closed during struggle)

Synchrony Bank/PayPal - $3,000

Walmart - $650 (No balance, perfect payment history but was closed when I was late on my Discover/Walmart account)

TD Bank/ Target $300 

Texas Trust Credit Union CC - $2,000

Loans: 

First Convenience Bank - $1,500/$800 balance when charged off.

Texas Trust Credit Union - $8,000/$7467 balance when charged off.

Currently, I have the following in good standing and have timely payments for the past year. I've had all of the accounts for TWO years but only in the past year have I used them to try and help rebuild my credit.

- Capital One/Justice - $500 limit 

- Capital One/Neiman Marcus -  $700 limit

- Khols - $300 limit

- Comenity Capital Bank? /Zales - $500 limit (no payments or purchases ever but it's still open)

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It may be a more difficult rebuild, but you can certainly do it. Perhaps by getting in with NFCU and getting a secured card that will graduate in time. Also Capital One tends to be pretty forgiving and you could likely get back in with them in a relatively short time.

[Anonymous]

Is there a legitimate religious reason or health concern that you can't live without having the following vendors?

In all seriousness, couldn't you just use a regular visa or mastercard at these locations during a three year rebuild?

Amazon

Walmart

Macys

Jared

Kay Jewelers

Nordstrom

Rooms2Go

JC Pennys

PayPal

Target

..

[wa3more]

OP,

what is the total amount of debt you owe and why are you considering BK ?

[JGGM]

I don't mean this to sound rude, so please do not take it that way. But if you're currently contemplating filing for bankruptcy, shouldn't applying for new credit be the last thing on your mind? Time heals all wounds, so I think you need to take a step back and understand how you got to the position you are in, and what you can do in the future to prevent this from happening again. Best of luck. 

[Blazesian]

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@Anonymous wrote:

Is there a legitimate religious reason or health concern that you can't live without having the following vendors?

In all seriousness, couldn't you just use a regular visa or mastercard at these locations during a three year rebuild?

..

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I don't believe you understand my question. I asked is it possible to rebuild when all of the cards listed (outside of the four below) would be included in BK. According to all of the guides as soon as you come out of BK you're supposed to open another card and other steps etc which is why I asked if it's even possible when most cards are going to be included. 

Now, if all I have to do is keep the cards I have already open, then I may be fine but I don't see any topics on this. 

[Blazesian]

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@wa3more wrote:

OP,

what is the total amount of debt you owe and why are you considering BK ?

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$60,000. 

[Blazesian]

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@JGGM wrote:

I don't mean this to sound rude, so please do not take it that way. But if you're currently contemplating filing for bankruptcy, shouldn't applying for new credit be the last thing on your mind? Time heals all wounds, so I think you need to take a step back and understand how you got to the position you are in, and what you can do in the future to prevent this from happening again. Best of luck. 

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 Hm, I am unsure you understood the question as well.  My question is based on all of the guides that are out on this board and how they say I am to open up another card. I have not seen a post explaining rebuilding with existing cards. 

To answer your question honestly, no, I think if I am contemplating bankruptcy I should know exactly what I am getting ready to go through and the steps I will need to take to rebuild my score and file to what it was previously, after everything is said and done. I do not want to go into this blind.