Bankruptcy Can Help You Get Rid of Credit Card Debt
It's a drastic measure, but it generally works — bankruptcy will put a stop to credit card collections and harassment. Although most people are aware of the changes to the Bankruptcy Code a few years ago, there's a widespread misconception that you can no longer discharge credit card debt. That's just not true. For the most part, credit card indebtedness is just as dischargeable in bankruptcy as it ever was.
Call 866-793-6347 to discuss your credit cards with a bankruptcy lawyer
At Affordable Bankruptcy, our attorneys work closely with our clients to make sure that bankruptcy is your best option for getting out from under the burden of debt. Contact us in St. Louis for a free consultation about your alternatives if pressure from credit card collection agencies has you thinking about bankruptcy.
Relatively few of our clients are driven directly to bankruptcy by credit card debt. More commonly, the loss of a job, a divorce or medical bills have created substantial financial stress, and people tend to overuse their credit cards to catch up on past-due obligations.
Then when the credit lines go into default, the credit card issuers tend to exert a lot of pressure in collecting what they can. They often get default judgments that they try to enforce through wage garnishment or seizure of bank accounts.
Unless you ran up large credit card bills for nonessential purposes shortly before bankruptcy, you shouldn't encounter any real problems in discharging your credit card debts in either Chapter 7 or Chapter 13. Under the latter, you may need to pay some portion of the credit cards under your repayment plan, but these will seldom amount to more than 10 or 15 percent of your outstanding balance.
We advise people throughout eastern Missouri about bankruptcy, and most of our clients have no problems with getting a discharge on their credit card indebtedness. We'll be able to spot any potential problems with your use of credit cards and advise you accordingly. Only very rarely will a creditor be tempted to object to the discharge of our client's debts.
To learn more about your right to a discharge of credit card debt and other unsecured obligations, contact an experienced bankruptcy lawyer at Affordable Bankruptcy in St. Louis.