Can I Discharge Credit Card Debt?
One of the most common reasons people file bankruptcy is to discharge credit card debt. While some banks may claim that you can no longer discharge credit card debt based on new bankruptcy rules, this is not the case. Bankruptcy is the surest way to reduce or eliminate credit card debt.
At Cunningham, Chernicoff & Warshawsky, P.C., in Harrisburg, we offer a free initial consultation to discuss how you can get rid of credit card debt in bankruptcy. Call us at 717-260-3527 to talk to a lawyer.
Discharging Credit Card Debt in Bankruptcy
There are two bankruptcy options for dealing with credit card debt:
- Chapter 7 bankruptcy allows you to discharge 100 percent of credit card debt. If you are eligible, this is the quickest way to get rid of debt.
- If you are not eligible for Chapter 7 bankruptcy, Chapter 13 bankruptcy allows you to put your credit card and other debt into a three- to five-year debt payment plan. You pay only what a bankruptcy trustee determines you can afford to pay. This is usually far less than you owe. Any remaining credit card debt is discharged at the end of your payment plan.
For More Information About Getting Rid of Credit Card Debt
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.