Credit Card Debt and Chapter 7

With the help of an experienced bankruptcy attorney, you may be eligible for relief from credit card debt in Chapter 7 bankruptcy. However, you must be careful to avoid creating false suspicion of fraud if your bankruptcy is filed soon after making large credit card purchases, and your attorney can answer your questions and help you understand your options.In Chapter 7, you may be able to completely eliminate your credit card debt. When you file, however, one or more credit card companies may obtain your account history to attempt to contest or challenge the potential discharging of these debts. Some “red flags” may include purchases exceeding $500 within sixty (60) days of your bankruptcy filing.Chapter 7 bankruptcy can be a complex process, but an experienced bankruptcy attorney can fully evaluate your financial situation and credit history and help ensure that you make the best decisions for your finances and avoid raising false suspicion of fraud or evasion. If you do have substantial credit card purchases immediately prior to filing, you may be advised to delay the filing of your petition to ensure a smoother case with fewer legal complications.If you are struggling financially and interested in a new path to financial freedom, you have options. Contact an experienced bankruptcy attorney today for a free consultation.