Credit Card Debt Bankruptcy
What is a credit card debt bankruptcy?
If you have trouble paying your credit card debt and think you will not be able to pay them, you should consider a credit card debt bankruptcy. Learn more about business bankruptcy. You are not the only one who has trouble paying back credit card debts.
Eighty percent of the households have at least one credit card. There are more than a billion of credit cards in circulation. About sixty percent of cardholders carry credit card debt from month to month. The average credit card debt for households that carry a balance is more than $10,000. A household may spend 10% to 40% of its income to repay credit cards debts.
A credit card debt bankruptcy may help you wipe out your credit card debts. Since credit card debt bankruptcy laws have changed, it has become more complex to go through a credit card debt bankruptcy. It is advisable to consult a credit card debt bankruptcy expert.
For a free 1/2 hour consultation with our expert bankruptcy lawyer Contact Christie Lee Law Office today about credit card debt bankruptcy or give us a phone call 209-910-5291
How a credit card debt bankruptcy will help me?
When declaring bankruptcy, the court classifies the debt into two categories: secured and unsecured debts. A secured debt is connected to assets, a property for example. An unsecured debt is not backed by an asset. A credit card debt is an unsecured debt. An unsecured debt can be eliminated by the court. A secured debt cannot be eliminated by the court. The debtor has to either to make the payment or to give up the asset. In your case, you may want to declare a credit card debt bankruptcy so you can have your credits card debts wiped out.
Call us if you want to declare a a credit card debt bankruptcy.
During my credit card debt bankruptcy, will my lawyer ask me for a list of all my credit cards?
During your credit card debt bankruptcy, your lawyer will ask you only for the list of credit cards that have debts you cannot pay. After the bankruptcy is filed, a credit card company may decide to cancel or not cancel your card. It is up to the credit card company. It does not mean that you cannot have credit cards any more. Some banks offer credit cards if a debtor places money in the bank to secure the payment.
During my credit card debt bankruptcy, do I have to deal with the credit card debt collectors?
Once the credit card debt bankruptcy is filed, the credit card companies are required to cancel your credit card debts. The notified credit card companies must stop calling you. If a credit card company contacts you about paying your credit card debts, refer he to your credit card debt bankruptcy lawyer. Learn more about stopping creditor harassment.
Want to find out more about credit card debt bankruptcy?
We give 1/2 hour free consultations – flexible scheduling
If you would like a free 1/2 hour consultation with our expert bankruptcy lawyer Contact Christie Lee Law Office today or give us a phone call 209-910-5291. Our office is conveniently located and open, 8:00am to 6:00pm. If you would like a weekend appointment, simply call and set one up. We are flexible with our schedule and most importantly want to get your problems resolved.
We have years of experience helping people file for bankruptcy under the US Federal Bankruptcy Law.
We primarily service clients in the Northern California region with our office in Stanislaus County. Many of our happy clients include residents from