Not exact matches
Your score will be
affected by paying bills late, not paying bills at all, how many bills have been sent to collection agencies, and if you
filed bankruptcy in the past.
Default.The Bank may without prior notice, declare the total balance due immediately on your Account and apply all or part of your Deposit Account to the payment of that balance if: (a) you fail to make any payment due; (b) exceed your credit limit; (c) default under the terms of your Agreement; (d) your Account is closed
by you or
by us; (e) the Cardholder dies; (f) any government authority takes action the Bank believes will adversely
affect your ability to pay; or (g) you
file a petition for
bankruptcy.
You can not
affect another person's credit
by filing a
bankruptcy, period.
Filing a Chapter 7 is the type of
bankruptcy most
affected by assets you list because all non-exempt assets YOU OWN will be liquidated to pay off unsecured debts.
Students seeking private loans to help pay for college may be more
affected by a parent's
bankruptcy filing.
Banks do cancel credit cards automatically when they learn cardholders have
filed for
bankruptcy — even if the account with that bank was not
affected by the
bankruptcy because it had a zero balance.
One of the most frequently asked questions
by all of our clients is whether they can keep a credit card during
bankruptcy and how
filing will
affect their credit score.
The audience would seem to be individuals
affected by this issue on a one - time basis, either the decision to name an IRA's beneficiary or the legal implications from a discrete
bankruptcy event (
filing or observing a beneficiary
file).