Legal Advice and Services Blog

Question by J: Are joint accounts required to be listed when filing for bankruptcy in Maryland?
I am going to file chapter 7 bankruptcy in Maryland and I have a joint credit card between myself and my son. What I would like to do is keep the credit card so I still have something for emergencies after I file bankruptcy. Do I have to list the joint account when filing bankruptcy? Because I would like to keep it open and keep making the payments as usual, and if I did list it could that effect my sons credit, even if he makes the payments, since he is joint on the account?

Best answer:

Answer by Blue’s Babydoll
First of all you have to list all debts when you file a Chapter 7 Bankruptcy. If you don’t you could have it thrown out of court and you don’t want that.

More than likely you will not be able to keep the credit card. You may want to talk to your attorney and ask him that since its a joint account with your son’s name if you can “reaffirm” that debt. Your lawyer will be able to tell you if that’s possible or not.

Laws vary from State to State and/or Country to Country. For instance in my state, you’d have to give up the credit card, but ask your lawyer what you can do.

Sorry I wasn’t any help in answering your question.

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