personal bankruptcy credit card debt
I have a credit score of 450. I have total outstanding debt of around 15,000 I have filed for bankruptcy?
I have filed for chapter 7 personal bankruptcy for all my debts excluding my car payment which is on time. I have managed to keep credit card account with low limits open and the rest were included in the bankruptcy filing. My next hearing is jan 30th to determine if my bankruptcy should be dismissed by the trustee for failing to file tax returns. My question is can is this:
1. can I keep the two open credit accounts?
2. would a dismissal of my bankruptcy be better on my credit files than a discharge?
3. Can a dismissal be removed from a credit report?
I dont really want to have 10 years ofbad credit if I can at all help it
Billy
**NOTE Please answer only if you are a bankruptcy attorney , or you work in the consumer credit lending industry or have professional experience or past personal experience with this specific problem, all other answers will be disregarded.** NOTE
1. You can keep any accounts you want too.
2. Not really because you still have all of that debt. At least with a discharge you are debt free except for any accounts you reaffirmed on.
3. No it’s a matter of public record and will continue to show for 7-years.
Remember to call your lender for your auto and make sure they continue to report your payments, they will not just do it even if you signed a reaffirmation agreement.
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