Store Cards and Bankruptcy
The topic of store cards and bankruptcy is a difficult one to address. Store cards, also known as retail credit cards, are offered by many retailers and can be tempting to sign up for due to the discounts they offer. However, it’s important to know that if you file for bankruptcy, your store card debts might not be discharged. This means that even if other debts like credit card balances and medical bills are written off in the process of filing for bankruptcy, your store card debt may remain.
When considering whether or not to file for bankruptcy it’s important to understand how store card debt will factor into the equation. Generally speaking, most Chapter 7 bankruptcies will discharge your store card debt along with other unsecured loans like medical bills and credit cards.
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