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Can bankruptcy get rid of credit card debt legally?
Can bankruptcy get rid of credit card debt legally? Can the credit card companies come after me later?
All Credit Card Debt Questions & Advice
Can I still get rid of credit card debt by bankruptcy?
I know the laws were changed a few years ago, and filing bankruptcy is not as easy as it used to be, but I lost my job recently and have become unab...Can a Bankruptcy Lawyer Negotiate Down Credit Card Debt?
I have way more credit card debt than I can possibly ever payoff. I racked up a bunch of debt when I was injured two years ago and didn't have health ...Can bankruptcy get rid of credit card debt legally?
Can bankruptcy get rid of credit card debt legally? Can the credit card companies come after me later?Do credit card companies really settle for pennies on the dollar?
I have been seeing these ads everywhere, claiming that these companies can settle credit card debt for pennies on the dollar. Obviously, it sounds lik...Does bankrupcy remove credit card judgments?
I was sued by a credit card company and a judgment was held against me. Does bankruptcy erase these judgments?What's better for credit card debt, bankruptcy or debt settlement?
I have a huge credit card debt. I am considering bankruptcy but I have been told that bankruptcy should be my last option and I should instead go in ...What's better for credit card debt? Bankruptcy or debt settlement?
I have over $13,000 in credit card debt, and the interest rate won't allow me to make more than the minimum payment. It's making it difficult to kee...Where can I get legitimate credit card debt help?
Please help! I’m drowning in credit card debt. Are there any resources that can help me?This site does not provide legal advice and users of this site should not interpret any of the information presented here as legal advice. The information provided merely conveys general information related to commonly asked legal questions. We are not a law firm and the employees responding to questions are not acting as your legal attorney. You should ultimately consult with a Lawyer for your case.
Answers
Yes, once your bankruptcy case has been completed, all your credit card debt will be discharged, meaning it's gone forever. Additionally, once a bankruptcy petition has been filed, your creditors are immediately barred from contacting you in any way to attempt to collect on debt. Now, in your first bankruptcy hearing, some creditors may try to motion for the court to remove the "automatic stay" and allow them to collect their debt, but your attorney can usually easily combat this. That bankruptcy laws are on your side, and if you have a competent attorney representing you, then you should be fine.
That being said, there are some consequences of bankruptcy, most notably a hit on your credit score, but in reality you should be able to get credit again within a few months of completing your case.
Talk to a Bankruptcy Lawyer to get a consultation where you can get good legal and financial advice to find out if bankruptcy is a good option for your situation.
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Posted by Staff Writer on 07 Apr 2010
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