Credit card bankruptcy?

Question

what i need to know to declare as far as my asset.

Answer

While bankruptcy can be pursued by people who deal with a lot of credit card debt, not all cases are related to a person&rsquo;s financial irresponsibility. Most people that file for bankruptcy do so because of medical expenses, job loss, and divorce. When going through a difficult divorce people will need to pay expensive legal fees. These costs can be overwhelming.

Answer

Hi, i recommend to see an expert about bankruptcy for you to know what you will need.

Answer

Even going bankrupt is not cheap:  there are costs involved, perhaps even more than what you owe right now. More details needed, but perhpas you can find a way to pay SOME amounts monthly (and find ways to reduce your lifestyle spendings) until you get back in shape.

Answer

For many people, unmanageable credit card debt is a big factor in their decision to file for Chapter 7 or Chapter 13 bankruptcy. Before you file, make sure you understand how Chapter 7 and Chapter 13 bankruptcy will treat your credit card debt. In most instances, it will be wiped out at the end of your bankruptcy -- but not always. Learn when you might be on the hook for your credit card debt after bankruptcy, how much of it you'll have to repay in your Chapter 13 repayment plan, and what your chances are of getting a new credit card when your bankruptcy is over.

Credit card bankruptcy?

Answers (4)