what happens to my credit cards that i owe money to and store cards?
When you go bankrupt all of your credit cards and store cards (assuming you owe money on them all) should go down on your Statement of Affairs as debts.
If you file for bankruptcy ALL unsecured debts which you owe as at the date of the bankruptcy are included - whether they are credit cards, loans, store cards, catalogues - if it is a debt you personally owe, it is included in the bankruptcy
Hope this helps
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk
what happens to my credit cards that i owe money to and store cards?
What I should have also mentioned is that after they are in your Statement of Affairs then you can no longer use them. The Official Receiver will advise you as to what to do with the physical cards.
As they are technically property of the bank you should offer them to the bank first, if they dont want them (which they probably wont) you should cut them up (through the chip) and send them to the OR
what happens to my credit cards
Posted - 19 November 2009 : 15:30:04
