Getting Credit Card Debt Discharged Through Bankruptcy

Credit card debt is a type of unsecured debt, meaning that there is no collateral attached to it. Unlike auto loan providers and mortgage lenders, credit card companies cannot repossess any of the debtor’s property due to lack of payment. Unsecured debt is considered the lowest-priority debt when it comes to the bankruptcy process. In Chapter 7 bankruptcy, it is typical for creditor card debt to be discharged, meaning it is wiped away and the debtor is no longer responsible for it after the bankruptcy is completed. If there is enough money from liquidated assets to pay back creditors in Chapter 7 bankruptcy, the credit companies are usually among the last in line to get paid. Credit card companies also take a lower priority when it comes to repayment of debt in Chapter 13 bankruptcy. There are limited exceptions in which a bankruptcy court will refuse to discharge credit card debt—particularly when the credit card holder is believed to have committed fraud.

If you are struggling with credit card debt that has spun out of control, do not hesitate to call me for legal support. I am a San Antonio bankruptcy lawyer who can help you determine if bankruptcy is the appropriate solution for you. It may be possible for you to get your credit card debt discharged, or paid off under a new payment plan! There may also be alternatives to bankruptcy that would be more helpful in your case.

Help from an Experienced San Antonio Bankruptcy Attorney

I have been practicing law for more than a decade, and I have an in-depth understanding of how the U.S. bankruptcy system works. I can help you navigate this system and ensure that you are taking full advantage of the debt relief options that are available to you. Because I have already helped more than 7,000 debtors file for bankruptcy since the year 2000, you can trust that you are working with a seasoned bankruptcy lawyer when you turn to my firm for assistance. To get started, all you have to do is sign up for a free case evaluation. Contact my firm today!