2. Legal Articles
  3. Bankruptcy & Debt
  4. Credit Card Debt After Chapter 7 Bankruptcy: How to Avoid It!

REFINE BY AREAS

Search Legal Articles

Credit Card Debt After Chapter 7 Bankruptcy: How to Avoid It!

by Gregory Mark Fitzgerald on Feb. 05, 2019

Bankruptcy & Debt Credit & Debt Bankruptcy & Debt  Collection Bankruptcy & Debt  Bankruptcy 

Summary: Not everyone who files for Chapter 7 bankruptcy is necessarily guilty of money mismanagement; illness, unemployment, or an accident may have caused their finances to spiral out of control.

"For the average household today, debt is over $135,000 to include a mortgage. And while auto loans and credit cards are a major consideration, student loan debt has a growing percentage of the 44 million borrowers in the US extremely stressed out; in fact, they may have been so financially challenged that they were driven into filing for bankruptcy."

Read the entire article on the official Fitzgerald & Campbell, APLC blog.

Legal Articles Additional Disclaimer

Lawyer.com is not a law firm and does not offer legal advice. Content posted on Lawyer.com is the sole responsibility of the person from whom such content originated and is not reviewed or commented on by Lawyer.com. The application of law to any set of facts is a highly specialized skill, practiced by lawyers and often dependent on jurisdiction. Content on the site of a legal nature may or may not be accurate for a particular state or jurisdiction and may largely depend on specific circumstances surrounding individual cases, which may or may not be consistent with your circumstances or may no longer be up-to-date to the extent that laws have changed since posting. Legal articles therefore are for review as general research and for use in helping to gauge a lawyer's expertise on a matter. If you are seeking specific legal advice, Lawyer.com recommends that you contact a lawyer to review your specific issues. See Lawyer.com's full Terms of Use for more information.

Now Chatting...