Bankruptcy - Can i keep my credit cards after bankruptcy?

hi I'm Carol Carini from Billabong Marketing ting and today I'm talking with John Farver from Farver Law Firm in Bellevue Washington and John is an expect in bankruptcy lawyer and today John is going to be answering a couple the important questions people ask can I keep some of my credit cards when I go through bankruptcy and then can I pay off some debt before I file. Hi John how are you today good I'm now I'm guessing it's important to know I can I keep my credit cards you wouldn't think someone would be able to keep the credit card after they have gone for bankruptcy So explain for us well I get this question a lot that's the reason I I want to talk about it today because up people are concerned about whether they are going to have credit again after they filed bankruptcy and some of my clients have credit cards they haven't used or paid off for some time and they wonder if they might just keep those credit cards and quite frankly you can keep any credit card a credit card company will let you the problem is once you file bankruptcy at least my clients and once you've filed bankruptcy every creditor knows about it all the credit card companies will know you files i've seen every single time even credit card you weren't using the credit card company will simply cancel them so I can definitely say yes you can keep you know there's there should be no reason for them to to cancel credit cards but lots of credit card contracts say that filing bankruptcy is a default on your credit cards even if you don't owe anything so usually you lose all of your credit cards but quite frankly it doesn't take very long time after you've been discharge to again all qualify again for credit card that 11 later into its but I'm yes it's here if you're definitely some papers here thinking about it you will lose I have credit cards even the ones that deter I'll don't know anybody I is no. say and a night difficulties in a credit card but it did so to to attach the bank is that something that would stop being used as well or is that could connect continue on know it usually take continue to use a debit card the same as you can continue to use your checking account a mere bank accounts around from you know last two times thanks to you your debit card comes from is different then the credit card after it does national organizations on but on yessir year I debit card is complete just credit card so chances this continue is at row okay cya and as I said in in try also say dear they're out ways that you can pay off debt before you file on we we touched on this on a couple of times in briefly in a couple the other videos about paying off the debt before you know you even really title mom to two dollar and me forward with filing for bankruptcy so explain that to us well you're right and again this question comes up quite on what people want to keep the credit cards they say what is ask you know whether to ease credit cards and I want all them anything that will be included bankruptcy so it keeps them and continue charging I have two problems with that one is so why don't we just talked about his state that the are credit card companies night at ten SD card with your I not but the concerning around for paying off debt prior to signing bankruptcy is the bankruptcy code's are makes that for it I'll if you pay ask anybody any creditor are at all within 90 days silent a trustee is appointed your bank %uh ressie you go get that money back the creditor and if them and oppression you pay da Souza relatives or business are associates make it look back a year on and and they can just get that money back on because and at the end reason for that is when you're filing bankruptcy a liquidating if your assets are to pay off creditors every creditor should get their shot whatever everybody else gets and issue purposely payouts one creditor its its to the detriment of the other creditors now that they're not going to get their share of that money arm and it's called a preference each chapter 1 credit or another ready for you file on so that's something that debt you know why it's tried to talk to my class about also sometimes they have every day credit cards or something you know order that preference they can wait the allotted time before they so I'll so that that is out-of-date also preference period I'm so I'll you can't ask credit cards early City in key good credit with that what that creditor unless it's well well obviously so I'll again specialist credit cards that doesn't the that they're gonna let have to cart room it seems I'm again all a little confusing but it isn't confusing if people %uh get advice from from you or someone like you is an expert in bankruptcy in filing bankruptcy in helping people with with dead debt issues I'm now I'll you also give phone free consultations add to it to sort of go over what people i'm looking at whether they can guide a true bankruptcy with its time for only the tiny to white with that that bankruptcy in all inside I'm totes just tell us a little bit about the free consultation and maybe how long it takes for someone to to have a consultation about something like this well fairly quick consultation on the song is it takes about 30 minutes away did we discussed primarily whether you're also expects the weather here really a bus stop bankruptcy in our there are any other I'll liable Artur art alternatives on and and talk about your situation and to find out yes any problems such as yes I I creditors or a creditor Chief Justice plates or are you know exile think it's a less years ago up lots of time limits and and dollars let's I'll did discussed at this point and I if you decide that day that's the way I want to go that way at work much longer be to make sure we have all the correct information it are and also to discuss ways to I'll prepare for bankruptcy and make sure all your texts row arm and that's why it's nice to have I attorney somebody experience its to help you through it I'll its docking nice I'll with representation its for Doc what's out it is yes I'm sure a and site everyone if you would like to have I free consultation with John Palmer to find out if this is us something that you my need to do a woman D I would suggest you go to 50 law dot com slash free and you can chill in a phone and get a free consultation he got his website check out a few things file or not calm you can also call John on the phone number on the screen now and I and as john said 30 minutes on the fine and I he can give me some really really good advice sire I thank you john appreciate it you're welcome um and thanks for having its no problem and we'll see you next time everyone says carolco rainy we'll talk a sign by