Credit Card Debt — Does Bankruptcy Make it All Go Away?
Some people are forced into bankruptcy because of credit card debt for a number of reasons. Perhaps there was a job layoff and a credit card was the only way to buy food and gas. Perhaps a payment was late and the interest rate skyrocketed to 35% interest or more. Perhaps a medical emergency came up that wasn't covered by insurance and you put the ambulance ride on a credit card.
At David Holmes, Bankruptcy Law, we focus strictly on bankruptcy law. David Holmes is a Board Certified* bankruptcy specialist. We will be able to handle every aspect of your bankruptcy. Once you decide to file, our attorneys take care of everything.
For you convenience, we have provided some basic background information about bankruptcy and the answers to some frequently asked questions.
After filing for Chapter 7 or Chapter 13 bankruptcy, your credit card collectors must stop calling immediately. We can work with your creditors to negotiate good repayment terms or total liquidation.
Credit Card Debt and Bankruptcy — A Few Points
Under a Chapter 13 bankruptcy, your credit card debts are grouped with other debts that are unsecured. The unsecured pool of debts is partially repaid. You can repay 0%-100% of your unsecured debt. In most cases in Tennessee, you may keep your income tax refund if you pay at least 20% of your credit card or unsecured debt.
Stop Collection Calls — Call 615-206-4617
Bankruptcy can stop collection calls immediately. Our law firm helps individuals and families in Gallatin, Portland, Hendersonville, Lebanon and the surrounding area. Let us evaluate your financial situation and help you identify your options. Your first consultation with a lawyer is free with no obligation. Call or send us an e-mail today.
* David Holmes is Board Certified as a Consumer Bankruptcy Specialist by the Tennessee Commission on Continuing Legal Education and Specialization. Certified by the American Board of Certification. The service offered is bankruptcy relief under the United States Bankruptcy Code (Title 11, USC). We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.
