Exceptions For Dischargeability of Credit Card Debt
I Only Have Credit Card Debt, Can I Still File Bankruptcy If It’s Just Credit Cards?
Yes you can! You are not required to have other debts, such as medical bills and registration loans, to file bankruptcy.
Can I Keep Any Of My Credit Cards If I File Bankruptcy?
You will not be able to keep using your credit cards after filing bankruptcy. Once your case has been discharged, you will most likely receive several offers for new credit cards. If you aren’t approved or don’t want to open new credit cards yet, you can open a secured credit card through your bank or another financial institution.
Is Large Credit Card Debt Common For Bankruptcy Filers
Medical debt is the most common cause of bankruptcy in the United States, but credit card debt can also be incurred as a result of an illness or injury. It isn’t unusual for those who have suffered from a medical emergency to use credit cards to make ends meet while they recover. Credit card debt is also a common symptom of financially stressful events like prolonged unemployment, divorce, and more.
Can I Still File Bankruptcy If I Have More Than $100,000 In Credit Card Debt?
A creditor to whom you owe $100,000 in credit card debt or more may object to your debts being discharged in bankruptcy. This doesn’t mean your creditor will necessarily prevail- it just means that you should discuss your situation with a bankruptcy attorney before your case is filed.
Contact Our Reno Bankruptcy Lawyers
We offer affordable rates and payment plans to work with every budget- you may even qualify for a post-filing plan starting at $0 down! Call or use our online form to schedule your free bankruptcy consultation today.