Do You Have Unmanageable Credit Card Debt?
Filing bankruptcy makes it possible to achieve credit card relief. However, if you file bankruptcy immediately following large credit card purchases, it could put you at risk for suspicion of fraud. A knowledgeable bankruptcy attorney at the Bankruptcy Clinic, PC, can advise you on your best legal options.
Our Illinois credit card relief lawyers have been helping people in Southern Illinois achieve debt relief since 1992. We understand the grip credit cards have on our clients’ lives, and the joy and freedom they feel when their debt is discharged. Contact us today for a free consultation to learn about your bankruptcy options for relieving credit card debt.
Chapter 7 vs. Chapter 13 Bankruptcy
Both Chapter 7 and Chapter 13 bankruptcy can help debtors relieve credit card debt. Chapter 7 is often preferable because it completely wipes out the credit card debt and gives debtors a fresh start. However, some of our clients do not qualify for Chapter 7, or may be better served by filing Chapter 13. In these cases, we prepare a payment plan, allowing our clients to pay back some or all of their credit card debt penalty free over a period of three to five years at an affordable rate.
Avoiding Civil Fraud
When you file bankruptcy, the credit card companies may pull your account history to identify grounds for contest. Purchases of $500 or more within 60 days of a bankruptcy filing may raise red flags on which the company can challenge the dischargeability of debts. This can be costly.
Our firm is very proactive in these matters. An experienced lawyer will review your financial situation and complete an in-depth analysis of your credit history to identify potential problems. If we notice that you made substantial credit card purchases, we may recommend delaying a bankruptcy filing a few months so you can pay something back in an effort to avoid future problems with your case.
Free Consultation With a Lawyer
If you struggle with credit card debt, you are not alone. Credit cards are a major factor in nearly 40 percent of our bankruptcy cases. We can help.
Contact our Illinois bankruptcy lawyers today for more information about your credit card debt and debt relief options. We have offices in Carbondale, Marion and Mt. Vernon Illinois, to serve you. Evening and weekend appointments are available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.