By: Darrell Castle
Do you have credit card debt you just can’t pay?
US households have an average of $15,611 in credit card debt. In total, American consumers owe $882.6 billion on their cards.
In other words, you’re not alone.
But that probably doesn’t make you feel any better. Credit card debt can really get you down. The constant stress and worry about how you’re going to pay your bills and provide for your family can eat away at your life. You’re tired. You want a fresh start.
I have good news. You CAN have a fresh start.
Chapter 7 bankruptcy
By filing for Chapter 7 bankruptcy, you can discharge that credit card debt without making any payments towards it! This is a relatively quick process and once it’s complete, that debt is gone and you have your fresh start!
It’s important to use this fresh start wisely. You don’t want to find yourself in this same position months or years down the road. Use this opportunity to change bad financial habits.
What about Chapter 13 bankruptcy?
Chapter 7 bankruptcy is a very good tool to use if you’re ONLY behind on unsecured debt — debt not backed by collateral — like your credit card. But sometimes debt spirals out of control and you find yourself behind on your car or house payment.
While Chapter 7 bankruptcy will only allow you to keep your house or car if you’re current on your payments, a Chapter 13 is different.
When you file for Chapter 13, you can lump ALL of your debt and past-due payments — including your house or car — into a 3-5 year repayment plan. And this is an AFFORDABLE repayment plan based on your debt and income.
By doing so, you can keep your property and get rid of all of the debt you couldn’t pay.
And once the Chapter 13 bankruptcy is complete, you have that fresh start you desired!
Our Memphis bankruptcy attorneys can help
If you’re struggling financially and want to talk to someone experienced about your options, then our FREE consultation is perfect for you.
This is time reserved JUST FOR YOU. You’ll sit down with the bankruptcy attorney, go over your finances and your situation. And then you’ll discuss your best options moving forward.
Maybe your best option is bankruptcy. Maybe it’s not. But wouldn’t you like to know? It’s free information!
For decades, Darrell Castle & Associates has helped people in the Mid-South get out of debt. We’re detailed, responsive and we truly care. That’s why our clients like us. That’s why we’ve received multiple Client Distinction Awards from Martindale-Hubbell for client satisfaction. You’re in good hands here.
Want a FREE bankruptcy consultation?
Call (901) 327-2100 today to schedule your appointment. Or you can fill out the form to the right of this page to have someone from our office contact YOU.