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Bankruptcy FAQs
Ultimately, your credit card company will decide whether you can keep your credit card after your bankruptcy. If you have a balance on the card that you are trying to eliminate in bankruptcy, that company will cancel your card. Even if you had a zero balance with the company before bankruptcy, the company may still decide to terminate your account. Moreover, if you file for bankruptcy with a zero balance on one account in an attempt to keep that card, your other creditors may challenge the legitimacy of your filing: if you had enough money to pay down one debt, why couldn't you pay the remaining amounts? This challenge could push you out of bankruptcy, and prevent your eliminating the debt you were trying to erase.
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