Can credit cards be kept while filing for bankruptcy?



No matter how much of a trouble that the citizens of America have undergone due to credit card debts they would want to have them still. For them it is the safest and the most convenient means to pay for the necessities of life. During a bankruptcy proceeding, the judge, who is responsible to look after the documents etc can ask several questions to the consumers which are often related to their financial circumstances; basically they want to make sure, if debt settlement could have been an option for the debtor or not. If the judge is satisfied, the debts are usually discharged. However, as we all know that a bankruptcy record will remain on the credit charts for no less than ten years in a row. But if you want to keep the your cards you should be aware of the following regulations: