Larry Bates
Bankruptcy Bankruptcy may be an option to discharge credit card debt, but it carries long-term consequences. You don’t need an attorney to file bankruptcy, but it’s best to consult with one to make sure you’re aware of the implications and to ensure you’re doing it correctly. The...
Debt settlement and bankruptcy are two additional ways to get out of credit card debt. The trouble is, they will likely affect your credit score. Brian Dechesare, a former banker and founder ofBreaking Into Wall Street, warns that these methods should be used as a last resort. “You shoul...
Filing Chapter 7 bankruptcy can discharge credit card balances and other unsecured debts, allowing for a fresh start, though it will severely impact your credit for several years. Chapter 13, on the other hand, involves a debt repayment plan and it protects you from facing issues with ...
Bankruptcy can stay on your credit report for either seven or 10 years, depending on what type of bankruptcy it is.
Dischargeability of Credit Card Debt: New Developments and the Need for a New Direction, TheIn a time of general prosperity, low inflation and low interest rates, business bankruptcies have been on the wane.'Consumer bankruptcies, however, have surged. 2 Bankruptcy filings exceeded 1,000,000 ...
Don't let your high-rate credit card debt follow you into the new year. Take steps to have it forgiven now instead.
Under chapter 13, the debtor must complete the payment plan to receive a discharge of the remaining debts. Secured debt (like a mortgage) and unsecured debt (like credit card debt) are managed differently during a bankruptcy. And there are various types of bankruptcies, so be sure to ...
One key advantage of Chapter 7 bankruptcy is that it allows for the discharge of most unsecured debts, including credit card debt, with little to no repayment required. However, it is important to note that certain debts, such as student loans, child support, and tax obligations, are generall...
There are a few things to keep in mind if you're thinking of applying for a credit card after you've filed for bankruptcy: You can't apply for any new form of credit until your bankruptcy has been discharged. A discharge occurs when you have officially been released of your obligation ...