"How To File Bankruptcy On Credit Cards"
If you are considering filing for bankruptcy because of credit card debt, there are a few things you need to know. First, you should understand that bankruptcy is a legal process that will have a major impact on your financial life. It is important to consult with an experienced bankruptcy attorney to determine if filing for bankruptcy is the right option for you.
There are two types of bankruptcies that consumers can file: Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, also known as a liquidation bankruptcy, your non-exempt assets are sold in order to pay off your creditors. In a Chapter 13 bankruptcy, also called a reorganization bankruptcy, you enter into a repayment plan with your creditors and make payments over three to five years.
Filing for bankruptcy will have a major impact on your credit report and credit score.
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 FASTER!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706