If I directory for collapse, what will come about to my exsisting accounts. Will I hold to close them? Answers: It will depend on what is listed surrounded by

Answers:
It will depend on what is listed surrounded by your bankruptcy file papers. All the accounts listed will be closed and settled. All other accounts will requirement to make separate arrangements. Anything not programmed is your responsibility. Get a lawyer and collaborate with them almost it. They ca help you agree on what to list and what not to detail and what personal assets can be kept free of the proceedings.

Other Answers:
Yes, you can keep them, as long as you are going to sort arrangements to pay the balance due. If you are trying to avoid paying the balances, next they may have to be closed out as bit of the bankruptcy discharge. It's much harder to receive out of credit card debts than it used to be, now that the Republicans hold "reformed" the bankruptcy code so that individual bankruptcy are not favored.

If you qualify to file chapter 7 "fresh start" collapse your debts will be listed within your filing and after will be "discharged" meaning adjectives of your accounts will be closed and you will no longer be legally liable for the debts.

You will own a public record report (a bankruptcy) on your credit report for the subsequent 10 years. Your accounts included in your collapse will be reporting negatively for up to 7 years.

You may be able to "reaffirm" some of your accounts, goal you will keep the accounts but will own to sign a legal agreement to hold on to this debt.

The only course to find out if bankruptcy is right for you is to consult an attorney.

Good Luck