Filing Bankruptcy On Credit Cards
If you're considering filing for bankruptcy because of credit card debt, you're not alone. In 2019, Americans racked up $1.07 trillion in credit card debt, and about 7% of households carry credit card debt that exceeds $10,000.
Filing for bankruptcy can be a way to get out from under overwhelming credit card debt, but it's not a decision to be made lightly. Here's what you need to know about filing for bankruptcy on credit cards.
When you file for bankruptcy, your credit card companies will be notified and they will close your accounts. You will no longer be able to use your credit cards and your outstanding balances will be wiped clean.
Filing for bankruptcy will also stay on your credit report for seven to 10 years, which can make it difficult to get approved for new lines of credit.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your absolutely free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706