Relying on "plastic" can become a problem when credit card balances grow too big or your income shrinks. Perhaps you lost your job or had your hours cut. Maybe you were propping up a small business. Or had a medical crisis or other unexpected bills. Or were simply living beyond your means.
Whatever the reason, your credit card debt is out of control. Bill collectors are hounding you and threatening garnishment, liens, repossession or other legal action. You are "robbing Peter to pay Paul" while the late fees and interest pile up.
There Is Hope! Get A Fresh Start Through Bankruptcy
The Chicago bankruptcy attorneys of Robert J. Adams & Associates can help you deal with all your debts. We have helped hundreds of Illinois residents discharge credit card balances to reset their finances and end the creditor harassment.
Free Bankruptcy Consultation · 312-767-5136
Call us today to discuss your debt relief options, at our offices in Chicago (West Loop) or Waukegan. If you can't afford the filing fee right now, we may be able to get you started for no money down.
Does My Credit Card Debt Just Disappear?
It sounds too good to be true, but yes. The bankruptcy law was created to give a fresh start to people who have gotten deep in debt with no hope of paying it all back.
Unsecured debts such as credit card debt can be discharged (erased) in Chapter 7 bankruptcy. Once the debt is legally forgiven, the credit card companies and third-party collection agencies cannot pursue repayment. In fact, from the day you file your bankruptcy petition, they must stop contacting you.
If you are not a candidate for Chapter 7, Chapter 13 bankruptcy puts you on an affordable payment plan. Most people pay only a fraction of their total credit card debt.
Is There A Limit On How Much I Can Discharge?
There is no limit. Well, there is an upper limit, but unless you are a "platinum card" world traveler you will not reach the maximum. We regularly help clients discharge $5,000, $10,000 and even $30,000 or more in credit card balances. Think of what it would mean for your finances and your stress level to be rid of that burden.
Get The Facts And Get Relief!
The benefits of bankruptcy far outweigh the temporary downsides. You will be able to get credit cards and loans in the future as you rebuild your credit. See our Bankruptcy FAQ and bankruptcy blog for answers to many of your questions.
Better yet, contact us today to arrange a free consultation with an experienced bankruptcy lawyer. We take cases throughout Cook County and Lake County.