Does Bankruptcy Erase Credit Card Debt?
There are two answers to this question. First, if your debt has aged, and you’ve attempted to pay it off before in some shape or form, and the interest or plan is just too much, then this is for you. If you’ve just completed paying off a large bunch of bills, then you attempt to go to your bank and file for bankruptcy, they you know that a law exists preventing you from this type of action, protecting your creditors. In the 1980’s, this happened routinely, and to put a stop to this, many creditors started putting out commercials explaining the new laws, and how you couldn’t do this action. In a nutshell, yes, it is possible to eliminate credit card debt, as long as your debt meets the requirements – it’s aged, and you’ve attempted to pay it off at one time or another. Another excellent solution to credit card debt is to examine the new stimulus package and find out if you’re qualified for it. This package has actually relieved billions in credit card debt for many Americans, and you pr
