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Will Chapter 13 bankruptcy wipe out my credit card debt?

High, overwhelming credit card debt is a very common problem. If you find yourself in a situation in which you can no longer pay your monthly credit card bills, you may be considering filing for bankruptcy. However, there are many things to know and understand about this procedure, beginning with the differences in types of bankruptcy filings and how each may affect your credit card debt.

Rebuilding your life after a bankruptcy

After going through a personal bankruptcy, you and other Illinois residents probably have many questions about how to get your financial life back on track. Will you be able to buy a home or car in the near future? When can you get a credit card? Is it even a good idea to get a credit card after a bankruptcy? The answers may be more favorable than you think.

The dark side of 0-interest credit cards

If you are one of many who has received offers for zero-interest credit cards, you may be asking yourself if opening one would help or harm you in the long run. Typically, these cards allow you to make credit card purchases without paying interest for a predetermined amount of time, after which you must start paying interest.

Emergency bankruptcy: it’s not too late to file

You and your family have been struggling with finances for a while. You are unable to make your credit card payments, creditors are constantly calling you and now your house is being threatened with foreclosure. The prospect of bankruptcy has concerned you for some time, but you could never bring yourself to file for it.

When the loan costs more than the collateral

Debt comes from all corners of life. Often, it’s payment on the interest or a loan that is not related to your current situation. When your financial situation is on the brink, you sell off items or get rid of extra costs—maybe the car that you’re still trying to pay off. Unfortunately, some loans still ask for money even after the collateral is gone.

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Four Convenient Office Locations To Serve You

Toll Free: 800-491-7493 Fax: 888-691-8337

Five Convenient Office Locations To Serve You

Lisle Office - DuPage County
1011 Warrenville Road
Suite 150
Lisle, IL 60532

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Lockport Office - Will County
900 South State Street
Second Floor, Suite A
Lockport, IL 60441

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Aurora Office - Kane County
1444 North Farnsworth
Suite 100
Aurora, IL 60505

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Palatine Office - Cook County
800 East Northwest Highway
Suite 700
Palatine, IL 60074

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Chicago Office - Cook County
1 S Dearborn
Suite 2100
Chicago, IL 60603

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Toll Free: 800-491-7493 Fax: 630-960-4755