Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Credit Card company bankruptcy - can my balance be forgiven? - I have a card, closed last August along with all the other corporate cards under this issuing bank. Have been making payments on the small balance I have, which is now under $700. I just learned that the bank was closed last month and the FDIC has taken over receivership. Is it possible to have my account balance forgiven? -