Can I File Bankruptcy on My Credit Cards? YES

by Jill Michaux

October 12, 2007

Yesterday, a caller asked me, “Can I file bankruptcy on my credit cards?” Yes, you can!

Not only CAN you file bankruptcy on your credit cards, but you MUST list your credit cards and ALL your debts when you file bankruptcy.

I get asked about this a lot. It is simply not true that credit card debts cannot be discharged in bankruptcy. Some people have gotten the wrong idea that bankruptcy help is no longer available for credit cards, medical bills or other categories of bills. The credit card industry spent millions of dollars promoting an anti-debtor message, which resulted in the passage of the pro-creditor bankruptcy amendments, BAPCPA. The myth grew with all the media stories about the law changes and the advertising urging people to file bankruptcy before the new law took effect.

The truth is that bankruptcy help is still available! Most debtors can discharge medical bills, credit cards and other debts just as they did under the old law. There are exceptions in a very small percentage of cases. Your bankruptcy lawyer will evaluate your situation and determine what debts you can and cannot discharge in bankruptcy.

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Jill Michaux has helped Kansas consumers with debt problems for three decades. She and her partner, Mark Neis, are Topeka's only bankruptcy specialists, board certified in consumer bankruptcy law by the American Board of Certification. She help start the National Association of Consumer Bankruptcy Attorneys.

Last modified: January 23, 2010