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Can Bankruptcy Discharge Credit Card Debt?

Bankruptcy can erase excessive credit card debt.

Filing bankruptcy can help you get rid of burdensome credit card debt.

If you are like many Americans, you might carry a balance on your credit cards from one month to the next.  Many people try to keep their credit card debt in check by making minimum monthly payments, even though doing so may cause debt to increase over time.

However, what can you do when credit card payments are no longer affordable because of  job loss, illness or an increase in interest rates?  As difficult as it may be, accepting that you can no longer afford your credit card payments is the first step in finding a solution to your burdensome debt.

Whether you have been struggling with credit card debt for a long time or this was the first month you could no longer afford to make your payments, a bankruptcy attorney can help you better understand your options.

Unfortunately, when credit card debt spirals out of control, many people simply do nothing.  Ignoring the problem only makes the situation worse.  Collection calls lead to lawsuits, which are often followed by wage garnishments.  The cost of inaction in this situation is real, and it can make a bad situation even worse.

What can you do if you are struggling with excessive credit card debt?  For starters, you should schedule an initial consultation with a bankruptcy attorney to discuss your situation.  Many people have discharged their credit card debt by filing Chapter 7 or Chapter 13 bankruptcy.  Bankruptcy can also stop lawsuits and wage garnishments, but the longer you wait to do something, the more you have to lose! Blog

News and notes from Wichita, Kansas bankruptcy attorney Eric W. Lomas on the topics of bankruptcy and debt relief.

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