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Bankruptcy and Frequent Flyer Miles

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    #1

    Bankruptcy and Frequent Flyer Miles

    This may seem like a dumb question but with over 500,000 frequent flyer miles on an AMEX card what would happen to these miles when I file. This is the only card I pay off each month and the others keep growing.

    I could probably cash them in before filing.

    Advice?
    Tags: None
    #2
    Don't think anything will happen to those miles. They are airline related - not credit card related.

    Comment

      #3
      This is an interesting question. I had some miles, not many. But I went ahead and got gifts with the points because I figured since they were attached to the credit cards, I should either use them or I'd be loosing them.

      I wasn't going to call them and ask.

      With that many miles I'd order myself a wonderful cruise.
      Filed Chapter 7 Pro-Se May 29, 2008
      341 July 1, 2008
      Discharged September 4, 2008
      Closed November 10, 2008 :-)

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        #4
        cash them in for a gift card or something ASAP..they will go away as soon as you become past due!!!!!!!!!!!!!!!!!!!!! This happened to me with AMEX. Luckily I had converted what I could to southwest points, but what was left over was frozen when I became past due and then zero'd out when I filed.
        Chapter 7 Pro Se....Discharged Feb. 2006

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          #5
          I would cash them in on soemthing I have a feeling they will take them! I took a flight for the weekend with mine and took one other round trip first class flight before I quit paying up!

          At least get gift cards and sell them or something ebay has a good market for them
          Converted to Chp 7 in July 341 AUG 3rd Went well!!!
          Trustee Paid Off Looking At Discharge!!! Might Be A Good After all!
          Discharge Date 10/02/09 Counting the days down

          Comment

            #6
            Once you file, your card and all the benefits associated with it (including airline miles) go away. AmEx is notorious for being very bk-unfriendly. Since they will inactivate your card immediately when they are notified you filed, I can't imagine they would inactivate your card and still allow you to use bonus miles on it.

            Before you file, convert your miles and any other card-related freebies to whatever your lawyer thinks will pass muster with your trustee.
            I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

            06/01/06 - Filed Ch 13
            06/28/06 - 341 Meeting
            07/18/06 - Confirmation Hearing - not confirmed, 3 objections
            10/05/06 - Hearing to resolve 2 trustee objections
            01/24/07 - Judge dismisses mortgage company objection
            09/27/07 - Confirmed at last!
            06/10/11 - Trustee confirms all payments made
            08/10/11 - DISCHARGED !
            10/02/11 - CASE CLOSED
            Countdown: 60 months paid, 0 months to go

            Comment

              #7
              I think we answered 2 questions which is great.

              Looks like if the miles are at the airline they are probably safe but if they are still attached to the credit card they are in trouble.

              Turns out I have miles at both places.

              Thank you for your info!

              Comment

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