Can I apply for a secured credit card while in Chapter 7 proceedings to begin reestablishing credit? 17 Answers as of April 01, 2014

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Ronald K. Nims LLC | Ronald K. Nims
Yes, you can apply for any type of credit card while in a Chapter 7. Many banks will refuse to accept your account because you're a poor credit risk and because many institutions don't want to mess with any possible effects of the bankruptcy but there is no law against it.
Answer Applies to: Ohio
Replied: 4/1/2014
GARCIA & GONZALES, P.C. | Richard N. Gonzales
Yes, but most creditors will want you to get a discharge first. In any case, you are permitted to get a card, if you so elect.
Answer Applies to: Colorado
Replied: 4/1/2014
Goldsmith & Guymon
Goldsmith & Guymon | Marjorie Guymon
You can ask sure. There is no law that you are violating in doing so.
Answer Applies to: Nevada
Replied: 4/1/2014
Law Office of Shawn N. Wright | Shawn N. Wright
No, you shouldn't apply for a credit card, even a secured one, during the course of your Chapter 7. I am not sure why you are so worried about reestablishing your credit. Just finish the Chapter 7 case. The entire case only takes 4 months from start to finish. Once you get your discharge order at the completion of the case, then you can apply for a credit card to start rebuilding your credit.
Answer Applies to: Pennsylvania
Replied: 4/1/2014
Idaho Bankruptcy Law | Paul Ross
Yes. You can enter into new lines of credit the day after your Chapter 7 is filed. You cannot secure it against property of the estate, but if it is a card where you prepay, there should not be any issues.
Answer Applies to: Idaho
Replied: 4/1/2014
    Law Offices of Robert P. Taylor
    Law Offices of Robert P. Taylor | Robert P. Taylor
    You can apply. However, you mind find that no company will approve your application until after you receive your discharge and your case closes.
    Answer Applies to: California
    Replied: 4/1/2014
    Law Office of Lynnmarie A. Johnson
    Law Office of Lynnmarie A. Johnson | Lynnmarie Johnson
    Yes, as long as it is for less than $2,000.
    Answer Applies to: Michigan
    Replied: 4/1/2014
    Thomas Vogele & Associates, APC | Thomas A. Vogele
    There is no reason you can't apply for such a card, however, don't be surprised if your application draws extra scrutiny because of your recent bankruptcy filing. A secured credit card from a reputable bank is a good way to re-establish credit.
    Answer Applies to: California
    Replied: 4/1/2014
    Westgate Law
    Westgate Law | Justin Harelik
    Yes, I don't know if the creditor would approve you even though it is a secured card. The creditor may just want to wait until you get your discharge. You can definitely try though.
    Answer Applies to: California
    Replied: 4/1/2014
    Musilli Brennan Associates PLLC
    Musilli Brennan Associates PLLC | John F Brennan
    Most probably a yes, but I would confer with an attorney to determine whether or not this is a wise and proper thing to do. If you do not have an attorney representing you in your bankruptcy, you should certainly engage one.
    Answer Applies to: Michigan
    Replied: 4/1/2014
    Mauritz Van Niekerk, Attorneys at Law
    Mauritz Van Niekerk, Attorneys at Law | Christiaan van Niekerk
    Yes you can and you should as that is the best way to reestablish credit.
    Answer Applies to: New York
    Replied: 4/1/2014
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