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Bankruptcy
Bankruptcy
1.Introduction to Bankruptcy
2.Types of Bankruptcy
3.Who can file
4.The Process
5.Credit Counseling
6.New Laws
7.Saving Your Home and Car
8.Personal Property Exemptions and Other Assets
9.Credit Card Debt
10.Other Debt
11.Married Couples
12.Common Mistakes
13.Alternatives to Bankruptcy

9. Credit Card Debt

Credit card debts can be completely forgiven in bankruptcy as long as you did not run up credit card charges just prior to filing for bankruptcy protection.

After you file for bankruptcy, it is against the law for credit card companies to pursue you. They must refrain from calling you, cannot file a lawsuit against you or proceed with a lawsuit; they cannot record liens against your property; they cannot report debts to the credit reporting agencies; and they cannot seize your income, bank accounts, or property.

Get your free bankruptcy evaluation today

When you file for bankruptcy, something called an "automatic stay" goes into effect. The automatic stay usually prevents most actions from moving forward against you. No more harassing phone calls or letters, and no more threats from lawyers.
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