Legal Question in Bankruptcy in Louisiana
Credit Card Company Bankruptcies
If a Credit Card Company goes Bnakrupt can they legally continue to charge card holders intrest? The particular company was Nextcard issued by NextBank.
Asked on 4/09/03, 5:28 pm
1 Answer from Attorneys
Steve LeBlanc
Steve LeBlanc, Ltd., (APLC)
Re: Credit Card Company Bankruptcies
Yes, your loan is an asset of the estate of the bankrupt which can be sold to another credit grantor.
Answered on 4/10/03, 12:43 pm
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