Brandon Financial Solutions Attorney
Yes, you can get your credit card debt discharged by filing Chapter 7 bankruptcy. You can also include your credit card debt in your repayment plan if you file Chapter 13. At the conclusion of your repayment period, all penalties and interest that would have otherwise accumulated will be discharged. Once your debt is discharged, under either Chapter 7 or Chapter 13, credit card companies will have no further claim for repayment.
Get Credit Card Collection Agencies Off Your Back Forever
Credit card debt is commonly known as revolving, or unsecured debt. It means that the credit card companies are lending you the money to make day-to-day purchases, with no security interest on the items you purchased. When you file for bankruptcy, your creditors may, however, look over your list of purchases, searching for big-ticket items that they feel should be considered an asset to be liquidated for repayment. Typically, however, credit card debt is discharged without consideration by creditors unless it can be shown that you increased your debt amount on one card by more than $550 within the previous 90 days of filing. This is to prevent a debtor from running up additional credit card debt on the eve of filing for bankruptcy.
If you need to get out from under the heavy burden of credit card debt, Chapter 7 or Chapter 13 bankruptcy might be your best option. Not everyone is eligible to file, so talk to an experienced attorney at The Golden Law Group. During your initial free consultation, you will have an opportunity to discuss your financial circumstances and get your questions answered about a full range of myths and issues surrounding bankruptcy, including:
- Discharging your credit card debt
- Secured debt, preventing repossession of your car
- Keeping your house, preventing foreclosure
- Putting an end to creditor harassment
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Learn more about discharging credit card debt through bankruptcy. Contact an experienced Florida bankruptcy lawyer at The Golden Law Group to schedule a free initial consultation. Offices are conveniently located in Brandon, Tampa and Bradenton, Florida. The firm represents clients in communities throughout Manatee County, Hillsborough County and Saratoga County, Florida.