Credit Card Debt
One of the most common reasons people in Florida file for bankruptcy protection is overwhelming credit card debt. At The Forrest Law Firm, we offer a free telephone consultation to discuss how you can reduce or entirely eliminate your credit card debt.
You may have heard that under the revised bankruptcy laws, it is no longer possible to eliminate or discharge credit card debt. THIS IS FALSE. Most individuals or married couples with substantial credit card debt can still obtain relief by filing for
Chapter 7 or
Chapter 13 bankruptcy.
Filing Chapter 7 bankruptcy can allow you to entirely discharge and eliminate your credit card debt. In a Chapter 7, credit card debt is completely wiped out and you will no longer owe anything on your credit cards.
Filing Chapter 13 bankruptcy can allow you to pay off only a percentage of the debt over 3 to 5 years. This percentage is determined by the income you have available to pay toward your Chapter 13 plan. Chapter 13 bankruptcy is a debt repayment plan that enables you to consolidate your unsecured debt and reduce your overall payments.
Filing for bankruptcy protection also puts an immediate stop to foreclosures, garnishment of wages, repossession, utility shut-offs, and harassment by debt collectors and creditors.
Sarasota Bankruptcy Attorney
If you are thinking about regaining control of your credit card debt by filing for Chapter 7 or Chapter 13 Bankruptcy in the State of Florida,
contact The Forrest Law Firm today! We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.
Florida bankruptcy attorney Christopher Forrest represents clients in Sarasota County, Manatee County, Pinellas County, Hillsborough County, Venice, North Port, Sarasota, Bradenton, Tampa and St. Petersburg, and surrounding areas.
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