Credit Card Debts and Bills

Are you drowning in credit card debt? Have you ever considered what your life would be like if you never had to pay another credit card bill? Can you imagine how much cash will be freed up every month if you could simply stop paying all of your Visa, MasterCard, American Express, and Discover bills?

For many of our bankruptcy clients, it's the difference between barely surviving and falling further behind, and being able to actually pay for their housing costs and other necessities such as food, gas, utilities and car insurance. It may seem to good to be true. If you can qualify for bankruptcy protection, however, we can assure you that it's no fantasy. All credit card debts are universally wiped out in a successful bankruptcy.

In our opinion, most credit cards companies are nothing more than predatory lenders. The interest rates that kick in once you miss a single payment are absolutely insane. Even if your credit card had a reasonable initial interest rate, once you start struggling and are unable to make even one payment, your rate often jumps to 24.99% or higher! And, this says nothing of the late fees and the other penalties that almost every credit card company stacks on top your jacked up interest rate. No one can get ahead of this curve once the dam breaks.

Our bankruptcy lawyers want you to understand that you have incredibly powerful financial tools and laws at your disposal that are were specifically designed to protect you and that enable you to completely wipe out 100% of your credit card bills. The most important tools are the bankruptcy laws themselves. They were specifically designed to give those who are drowning in debt a fresh financial start. Let our credit card and debt relief attorneys explain how bankruptcy really works. Then you will really understand it true power when it comes to unsecured debts like credit cards.

The true power of bankruptcy to wipe out credit card bills and other unsecured debts is honestly hard to describe in just a few words. But, it's truly a "Biblical-like" power in action. It all starts with enabling those who qualify to completely discharge their qualifying unsecured debts without ever having to pay their creditors another dime!

It's kind of like a magic reset button. As soon as you receive your discharge, it's like a nuclear bomb hits your in-box full of bills. And, your credit card bills are the first to get hit. Once the credit card debts are discharged, they are gone, wiped out forever. And, your creditors can NEVER EVER try to collect them again. It's truly one of the most powerful legal and financial tools on the planet.

The credit card companies and those dastardly debt collectors that do their nasty work would have you believe that you are nothing more than a deadbeat and a horrible person for even exploring your bankruptcy options. Our attorneys want you to know that this is complete rubbish!

In fact, nothing could be further from the truth! The state and federal bankruptcy laws were purposely put into place in order assist good, honest, hard working, and decent folks who, often despite their best intentions and actions, somehow suddenly find themselves caught in the gears of a financial machine that can be ruthless and unforgiving.

Bankruptcy restores good people to a stable financial position in life, which enables them to be productive consumers again. This in turn benefits all of society. When consumers are shackled in debt and unable to even pay for their basic necessities, they become a drag on the economy and the government. Filing for bankruptcy is not a failure. It's a new beginning. And, you should not hesitate to at least consider filing for bankruptcy if you are able to qualify.

If you have questions about how bankruptcy can help wipe out your credit card debts forever, we want you to know that we're here to help you understand the power of this incredible financial tool. Our bankruptcy lawyers want you to know that the Federal and the Washington State debt relief laws are here to protect you. But, they do not simply self-activate. You must make the effort to learn more about whether or not you can qualify, and then take advantage of the laws by exercising your right to petition for bankruptcy protection.

Call now to find out how our debt relief attorneys can help you immediately free up cash flow and get the fresh financial start that the bankruptcy laws afford you. Stop struggling month after month. Get out of debt now! Let us help you permanently eliminate 100% of your credit card debt, often within just three or four months of your initial consultation.

Your creditors want you to believe otherwise. But, the simple truth is that credit card debt is almost always completely wiped out, or discharged, in almost every bankruptcy petition that our lawyers file. This is true whether the Visa, MasterCard, Discover, or American Express debt is in serious default or you are current on your payments. It can be discharged even if the creditor is in the middle of garnishing your wages for it.

In most Chapter 7 bankruptcy cases, our clients have nothing to worry about when it comes to their credit card debt. Their bankruptcy simply wipes out 100% of their credit card debts. In some Chapter 13 bankruptcy cases, credit cards get paid a small percentage of what you owe on them through your monthly payments to the trustee.

It’s very rare for credit cards to get anything in a Chapter 7 bankruptcy because most people do not lose any property in a Chapter 7 to pay their creditors. In a Chapter 13, credit cards get paid anywhere from 0% to 100% depending on how much income is in the budget to pay them. Whatever is not paid is completely discharged or wiped out. Credit cards are among the lowest priority of debt to be paid in a bankruptcy.

A credit card company can sue in bankruptcy court if it thinks you committed fraud when you made the charges. This case is very hard to prove. Our credit card bankruptcy lawyers are very skilled at fighting these types of actions, and we will fight to make sure that you get the maximum relief legally allowed under the code. If we are required to defend you in court, we charge you on an hourly basis. But, this issue rarely comes up with the overwhelming majority of our bankruptcy clients.

If you make over $600 of charges for luxuries or cash advances on any one card within 90 days of filing your case, then you may have the burden of proving it was not fraud. The most important thing is just that you need to be completely honest with us when during your initial consultation. Our bankruptcy attorneys cannot protect you if we don't know the truth.

Additionally, because a credit card company has to hire a lawyer and then also pay a filing fee to file its case, they usually are only interested in higher amounts. If they lose and it is found that they were not justified in filing the case, they could be ordered to pay your attorneys fees. Therefore, credit card companies are careful about filing these cases and usually only do so in the most blatant situations.

That said, if you know you are going to file a bankruptcy, you should not make charges on your credit cards. If you are struggling with paying your cards and decide to file bankruptcy, you stop making charges on your cards. Additionally, you might as well stop making the payments – but, again, just don’t use the cards anymore. By not paying these credit cards every month, you should be immediately freeing up cash flow for other necessary expenses. So, making charges on these credit cards should become largely unnecessary anyway.

Credit card debt is a huge reason that many of our clients file for bankruptcy. Credit card companies entice you with offers of low introductory rates, frequent flyer miles, balance transfers and other gimmick to convince you to pay for expenses on a credit card. Our bankruptcy attorneys understand. We've seen it thousands of times with our clients over the last ten years alone.

It’s easy to rely on credit cards, convincing yourself that the income will be there to take care of them in the future. As noted above, however, once you start missing payments or increasing your balance too much, credit card companies can raise your interest rate and your minimum monthly payments. They can also lower credit limits and make other changes. These changes effectively make it impossible for you to ever catch up or get ahead of the debt curve. This is how they operate and make their huge annual profits.

If you are suddenly hit with higher credit card charges or simply find yourself charging necessities as you struggle to make minimum payments, you should seriously consider bankruptcy. Now, other options do exist, such as negotiating to make lower payments by yourself or with the help of credit counselors, but that will probably hurt your credit score much more than simply filing for bankruptcy in the long run.

For starters, once you start negotiating to make lower payments, all your credit cards will probably change their terms. And, all of your credit cards will probably end up in a protracted "delinquent" status and then end up as a "charge off" on your credit report. This will drag down your credit score for years and years after you make your last "payment" to your "credit consolidation company". If you qualify for Chapter 7 bankruptcy protection, you can start rebuilding your credit within months, not many, many years.

Debt settlement is notoriously unreliable and many people find themselves still owing third party bad debt purchasers after they think they have settled a debt. Worse yet, their credit score suffers for years and years. Bankruptcy results in a complete discharge, which is a federal injunction prohibiting creditors from trying to collect the debt ever again. It's done. Game over. Again, in the vast majority of cases, credit card debt is totally wiped out in bankruptcy.

One rare exception to the discharge of credit card debt is for fraudulently incurred credit card debt. If you make a charge on a credit card with the intent to file bankruptcy and not pay it back, that is fraud. You can also be accused of fraud if you fill out a false credit application. A creditor has to prove fraud in a separate case in bankruptcy court called an adversarial proceeding.

To prove fraud, a credit card company usually has to use circumstantial evidence such as the amount of the charge, whether it is for a luxury or cash advance, when you contacted a bankruptcy attorney, whether you made payments after the charge, how long ago the charge was made and what your financial condition was when you made the charge. A creditor can be forced to pay your attorneys fees and be sanctioned if the judge decides they were not justified in filing the case.

Our Washington State credit card debt relief attorneys are here to help. We want you to you understand your debt relief options. This "attorney fee" provision is there to protect debtors from creditors who may try to file a frivolous case to blackmail you into settling it. If you have just been charging a few necessities and making regular payments, you are almost certainly going to be fine. If you have made a large purchase for some reason, you may want to wait before you file your case.

Regardless of your circumstances, our Washington State bankruptcy attorneys want you to know that you have very important debt relief options. We're here to help you understand your legal rights. Call now to understand how our bankruptcy lawyers can help you get completely out of debt once and for all, while also simultaneously stopping all of those horrible and harassing phone calls from those nasty credit card companies immediately.