Is it allowable to obtain a secured credit card while in Chapter 13 bankruptcy?
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Is it allowable to obtain a secured credit card while in Chapter 13 bankruptcy?
Asked on March 25, 2012 under Bankruptcy Law, Texas
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Yes, you are legally allowed to do this--the law does not prevent you from incurring new debt, or opening new lines of credit, while in bankruptcy. Since this was a Chapter 13 bankruptcy, you'll need to make sure you continue to honor the court ordered payment plan, but so long as you do, you are legally allowed to get a secured credit card.
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