Posted on
December 1, 2009
at
4:15 am
Hi, I'm planning on filing bankruptcy, don't know which chapter as of yet, I was wondering if all my credit card debt would be discharged by it --
Posted on
December 1, 2009
at
4:19 am
Credit card debt discharge bankruptcyHi there, the simple answer is yes, but the discharge can be disputed by your creditors, by filing an adversary proceeding - under the ff. circumstances:-The card application was fraudulent.-The card was used with no intention to pay it.
Posted on
December 1, 2009
at
4:21 am
Hello, may I ask why you are filing bankruptcy for credit card debt/s? Did you know that you don't need a bankruptcy discharge to get rid of your unsecured debts?
Posted on
December 1, 2009
at
4:23 am
I agree with what's next, did you know that depending on your debt amount and the status of your account, you can avoid bankruptcy and its devastating impact on your credit?You can try these two debt relief alternatives:Credit counseling - if you owe $10,000 or less, accounts currentDebt settlement - if you owe $10,000 or more, accounts past due
Posted on
December 1, 2009
at
4:25 am
Thank you guys, actually my accounts are past due and I do owe more than $10,000 -- I'm interested in that debt settlement program, but really I hear a lot of bad stuff about it. I don't know much, 'care to tell me the basics? For one, how much is it going to cost? How can I protect myself from being scammed?
Posted on
December 1, 2009
at
5:20 am
Credit card debt bankruptcy discharge - or debt settlementThe basics? Debt settlement aims to lower your balance to more or less half of its original amount in 12-36 months. How much is it? Debt settlement companies will charge 15% of the total debt amount spread over 18 months or take a percentage of the settlement amount (20-25%)
Posted on
December 1, 2009
at
5:23 am
As for "How can I protect myself from being scammed"Before enrolling in a settlement company - check their memberships and info in these sites:Better Business Bureau BBB www.bbb.orgThe Association Of Settlement Companies TASC www.tascsite.orgUSOBA www.usoba.orgInternational Association of Professional Debt Arbitrators IAPDA www.iapda.org
