Bankruptcy is a viable financial option being used by thousands of people each month who are facing increasing unsecured debt, such as credit card debt, medical bills, or are at risk of losing their car or home. Consider filing for bankruptcy if you are in any of the following desperate conditions:
- You cannot pay off your debt, no matter what course of action you are tried.
- You have too much credit card debt, with high-interest rates.
- A creditor is about to seize your property, garnish your salary, or a forced collection from your bank account.
- Your utility services are in danger of being canceled.
The longer you wait to pay your credit card debt, the more fees and charges accrue. The inability to pay is real, and it is essential that you act immediately to avoid judgments, wage garnishments, or asset seizure.
Chapter 7
Bankruptcy is a legal procedure that allows you to restart your finances when you are unable to make your debt payments. With a Chapter 7 bankruptcy, all of your qualifying unsecured debt will be eliminated in as little as three to six months.
If you are overwhelmed with credit card debt, contact a Houston bankruptcy attorney to find out how you can get financial relief.