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Chapter 7 questions ? ?

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noochski
Contributor

Re: Chapter 7 questions ? ?

I closed all of my other cards prior to even contacting the attorney. He didn't seem happy when i told him that I had done that and advised me to not pay/close any other accounts. But with my CC payment due on 2/22/13 I didn't want a deliquent payment prior to filing my BK7!!! That would only make my situation worse wouldn't it? So I paid the $41 and the account has a zero balance but I would just as soon close it. . . The Rep @ BofA told me that I could reapply for my CC as soon as my BK7 is discharged

Message 11 of 15
MovingForward_2012
Valued Contributor

Re: Chapter 7 questions ? ?

You can try after discharge. I would reopen the most BK friendly first and then garden that card for a year and then try to reopen another one.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 12 of 15
MovingForward_2012
Valued Contributor

Re: Chapter 7 questions ? ?

It looks good to the courts when you show delinquencies as it exhibits your inability to pay to the judge BUT recovery is harder when you burn those bridges.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 13 of 15
stormb28
New Contributor

Re: Chapter 7 questions ? ?

I closed a BOA, Discover, Capital One, and Orchard.
Message 14 of 15
noochski
Contributor

Re: Chapter 7 questions ? ?

I plan on reopening my BofA secured card with a $2000.00 limit ASAP after discharge.

Message 15 of 15
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