In our recent blog post, we discussed some facts about credit card debt in this country. When it comes down to it, there is only one thing that matters about credit card debt — keeping it down to a manageable level. If you are in credit card debt, you might be ready to throw in the towel. You might want a do-over. Bankruptcy might be one way that you can make this happen. We can help you to learn if this is an option for your situation.
We know that credit card debt comes for a variety of reasons. If you lost your job and had to rely on credit cards to make ends meet or if you were ill and needed to cover expenses, you couldn’t really help the debt. In these cases, you might be extra frustrated because everything was out of your control.
When you file for bankruptcy, it can impact your life. In most cases, this is for the better because you are able to get a fresh start. The big question in these cases is which type of bankruptcy you should file. Most people have two main options — Chapter 13 and Chapter 7. One requires repayment of debts to a certain extent and the other is based on income and requires liquidation.
We understand that you may have some questions about which option you should consider for your case. While we can’t make the decision for you, we can help to guide you through the process of making a decision. From there, we can help you to get your case moving through the bankruptcy court system.