Can you have a reaffirmation agreement with a credit card company?

UPDATED: May 24, 2012

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Can you have a reaffirmation agreement with a credit card company?

I have a credit card that I use for vet’s visits for my dog and I don’t want to lose the card if I file bankruptcy. Is there a legal way to keep that one particular card?

Asked on May 24, 2012 under Bankruptcy Law, Oregon


S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

You can reaffirm the debt with that creditor.  On your bankruptcy schedules (forms), you state which debts you intend to reaffirm. 

At the meeting of creditors after you file bankruptcy, creditors might offer to reaffirm debt.  You don't have to accept that.  Those offers to reaffirm debts are usually on better terms than your current payments.

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

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