My Credit Card company told my that under the new Bankruptcy Code, their debt is no longer dischargeable. Is this true?
While every situation is unique and there could be facts that lead to any given debt not being dischargeable, the vast majority of consumer debts are still dischargeable. While most credit companies and collection agencies are ethical and follow the rules fair debt collection, there are always exceptions. Some creditors will tell people anything if they think that it will “encourage” (scare) them into sending money.
