The first couple of entries are already on YouTube, and you can see them here: httpv://www.youtube.com/user/MyCredEd

It can take a long time to write a blog entry, and I just don’t always have the time.  So, I decided to go ahead and release some videos that answer the questions.

Here is how this works:

See the form to the right?  You ask your question there.  Just type in what you want to know, and I will work on answering it.  Now, I can’t guarantee that I will answer every question, but I will do my best.

When you fill out the form, your question goes straight to my email inbox.  I am an email addict, so I will see it quickly.  If I put your question into a video, or answer it in a blog, I will send you and email back to let you know the answer is ready.

I am working hard to grow this blog, and I want to grow it in a way that helps you.  So, please ask your questions!

Again, you can find the videos on YouTube right here:

http://www.youtube.com/user/MyCredEd

When I filed for bankruptcy, I kept a single credit card account, my Kohl’s card, and I also kept a loan for my truck. Other than that, I wanted everything included. I kept those two accounts because I wanted to be able to buy clothes at Kohl’s, and I needed a vehicle and couldn’t afford a used car loan. I listed everything else I knew about, and my lawyer pulled information from my credit report for inclusion in the bankruptcy. I thought everything was included.

However, after my bankruptcy was over and discharged, I found a couple of accounts that had been missed. They hadn’t reported to my credit reports until later. One was for my satellite TV, and the other a doctors’ bill that went to collection, that wasn’t even mine. Since both accounts were opened before the bankruptcy, they were included automatically.

Why? The US 6^th Circuit Court of Appeals ruled that all accounts that were open at the time of a bankruptcy are included, regardless of whether they were included in the filing or not. While that hasn’t gone to the Supreme Court, it has held up when tested. This means you don’t have to include a debt your self for it to be included in your bankruptcy.  However, deliberately omitting a debt from your creditors list is illegal.

But what about the things you want to keep? Typically, you sign a re-affirmation for a debt you want to keep, and continue to make payments on it. This will exclude it from your bankruptcy, and will allow the debt to be kept by the consumer. Your creditor has the right to refuse to re-affirm the debt, but if they do that they lose their money, so they will usually work with you.

The answer to the question is that you can keep some of your debt in a bankruptcy, but any account you keep needs to be re-affirmed. Otherwise, they will be considered as included in the bankruptcy.

To learn more about how to fix your credit and keep it clean, get my e-book ‘Credit Cleanup’ by clicking the link. ‘Credit Cleanup’ will walk you through how to repair your credit, and tell you how to keep your credit clean.

To get a copy of my FREE e-Book ‘The Top Ten Ways You Can Wreck Your Credit’, just click the link. You will be taken to a page where you can get more information about downloading the e-book. This book tells you what you should avoid doing concerning your credit, and what negative impacts can occur if you treat your credit wrong.