Credit Cards In Bankruptcy
Must I identify all my credit cards in my bankruptcy schedules?
A debtor must sign his or her bankruptcy schedules under penalty of perjury that all creditors are identified. That means that any third party creditor to whom the debtor owes money must be listed. Credit cards with zero balances do not need to be identified. Commercial credit card lender, however, regularly subscribe to private services that record and provide the corresponding social security numbers for all bankruptcy cases filed in the United States so that a lender may cross check such numbers with its own records.
Even if you hold a card with a zero balance, the lender will learn of your bankruptcy case through its subscription to this service and, in general, either:
(1) Revoke your card with the zero balance; or
(2) reduce its credit limit.