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When Credit Cards Lead To Bankruptcy - AllLaw.com

If you can't afford your credit card payments, bankruptcy might be a good option.

Filing for bankruptcy is not a decision that should be taken lightly. If you are struggling with credit card debt, whether it is in your best interest to stop making payments and file for bankruptcy depends on:

whether you can afford to pay back the debt

whether you are being sued or...

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Date: 2018-03-26 19:19:19

Get a Loan or Credit During Chapter 13 Bankruptcy Case ...

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Most people look forward to eliminating debt at the end of their Chapter 13 bankruptcy case, not incurring new debts. A Chapter 13 plan lasts long enough, however, that you may need to incur new debt sometime during the plan. The Bankruptcy Code permits you to incur some kinds of new debt, but you will need to get the court's permission in many cases. The following explains what...

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Date: 2018-03-27 03:26:31

Getting Rid of Credit Card Debt With Bankruptcy - AllLaw.com

Credit Card Debt in Chapter 7 Bankruptcy

In Chapter 7 bankruptcy , most or all of your unsecured, nonpriority debt is discharged (wiped out). In return, you must give up nonexempt property so that the trustee can sell it and distribute the proceeds to your creditors. Credit card debt falls into the category of unsecured, nonpriority debt that is discharged. (Examples of priority debts that would...

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Date: 2018-03-26 22:21:33