Tag archive for ‘credit card debt’
Credit Cards After Bankruptcy
by Richard Stokan on 5/24/10 | 0 Comment(s)
A common question is whether or not a debtor can keep a credit card after filing for bankruptcy protection and do I have to list the cards I want to keep. If you owe a balance at the time the bankruptcy petition is filed, you must list the debt. This applies regardless of the amount [...]
When Can Credit Card Companies Challenge Your Discharge?
by Drew Broaddus on 5/21/10 | 1 Comment(s)
Nearly all of the individuals who visit our office have concerns about credit card debt. While this type of debt can typically be discharged through a Chapter 7 bankruptcy, this is not always the case. Credit card issuers sometimes challenge the discharge of their debt in bankruptcy by filing a lawsuit in the bankruptcy court [...]
An all too common preliminary inquiry by a hypothetical debtor, and a reply. Episode 3 of a series.
by John C. Colwell on 3/12/10 | 0 Comment(s)
Serena V. Brief description of your legal issue: I am in serious debt, besides my mortgage I owe roughly 20+ thousand in credit card debt.I owe the IRS and have been trying to make payments as best as possible. I need help! Thank you for your inquiry. We likely can help a great deal. There [...]
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 5 Comment(s)
You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast. You need to file for bankruptcy. Let me say it again for those of you who are still shaking your head. YOU NEED to file for bankruptcy! There, I gave you [...]
Usury Alert! 79.99% Interest Charged by Sub Prime Credit Card Issuer!
by Moderator on 1/08/10 | 0 Comment(s)
This blog has devoted quite a bit of attention to mounting credit card debt in America. As bankruptcy attorneys, we see clients every day who simply cannot afford to carry the ridiculously high interest rates charged by their credit card companies. Credit card debt is one of the leading causes of bankruptcy. In many cases, [...]
Decided To File For Bankruptcy? Don’t Use Your Credit Cards
by Moderator on 12/14/09 | 0 Comment(s)
As a bankruptcy attorney, perhaps the number one problem I see clients facing is credit card debt. The combination of large balances, high interest rates and exotic late fees has pushed many families to the brink of bankruptcy. There is an obvious correlation between unemployment and problems with credit cards. More and more unemployed Americans are forced [...]
What Type of Debt Do You Have?
by Richard O'Connor on 5/14/09 | 0 Comment(s)
When a person’s liabilities are far greater than a person’s assets, i.e., money and property, they may be a candidate for Bankruptcy. A person filing for a Chapter 7 or 11 should have a good understanding of the types of liabilities that exist. In fact liability is another word for debt, which is also subdivided [...]
