I was reading a credit card brochure and saw an interesting disclosure in the fine print on the back.  Among other events that would cause the account to go into default (and most creditors will have a part of the clause explaining that they change change the rate arbitrarily), this particular card would go into default in the event that the cardholder were to a) declare bankruptcy (normal, right?), and/or b) DIE.

I thought it was funny and sad simultaneously.

I am not sure if that is 100% with every credit card but it is probably more common than most people are initially aware.

In default, what exactly does that mean.  Doesn't bankruptcy cancel out all your credit cards?  If it is canceled then the default would not matter, right?

I don't think that you can keep using credit cards if you file. The whole point of credit cards is that your credit has to be good. If you file then I doubt if a credit card company will let you keep using the cards.

If worst comes to worst then just make the minimum payments until you are able to get back on track