Some creditors may allow you to keep their credit cards and continue paying on the debts, but it depends on the creditor after the creditor has been notified of the bankruptcy. Some of the creditors will allow you to keep their cards and continue extending you credit even though you have filed bankruptcy. It will be easier to get a car after bankruptcy than credit cards. Most mortgage lenders will not consider a bankruptcy within three years after the bankruptcy is discharged, and there are secured Visas and Mastercards now that allow you to have a credit card even while you are in the process of your bankruptcy. Therefore, a bankruptcy no longer affects an individual as it did, say, ten years or so ago.
Credit clearing is also available to aid in lower the cost of borrowing money.
Please ask us more about this process when you see me in our first consultation. Remember, the first consultation is at no charge to you. A copy of any lawsuit that has been filed against you. A copy of all collection agencies who have contacted you. If you are paying on an automobile, or a house, even if you plan on keeping then, please bring a copy of the payment for these items too.