Solve Credit Card Debt Problems with Chapter 7 Bankruptcy
If you or your business has accumulated large amounts of credit card debt, it can seem like an uphill battle trying to repay the debt. Credit card companies generally do not provide any help to consumers, especially when they double the amount of minimum payments, increase interest rates and add new fees and penalties. A couple of late payments and suddenly people can find their situations spiraling out of control.
Fortunately, it is possible to get credit card debt relief through Chapter 7 bankruptcy, which will allow you to discharge your debts at once. Chapter 7 bankruptcy will also stop collector calls and other collection activities. The settlement of your credit card debt is possible and hiring an experienced bankruptcy attorney is the first step towards getting the relief you need.
In Austin, Texas, I, attorney Charles Nettles, practice Chapter 7 bankruptcy and have assisted clients who have large amounts of credit card debt through the process of debt relief. I am a Board Certified Consumer Bankruptcy Attorney with more than 25 years of legal experience and I currently practice bankruptcy law exclusively for clients in Central Texas.
Credit Card Consumer Bill of Rights
The Congress of the United States recently passed new legislation, called the Credit Cardholders' Bill of Rights Act, that is intended to reform the way credit cards are issued and administered. This legislation is supposed to prevent credit card companies from issuing certain fees and finance charges while regulating their ability to raise interest rates, lower credit limits and close credit card accounts.
Unfortunately, credit card companies are smart and are already finding loopholes around many of the guidelines set forth in the Act. These companies make millions and millions of dollars each year from penalties and fees and are not going to give up that source of income overnight.
For consumers, bankruptcy remains a way to level the playing field when companies have pushed their consumers to the limit.
Deal With Credit Card Debt Today
The sooner you talk with a lawyer about your credit card debt, the sooner you can discharge that debt and find a fresh start for your financial future. Figure out if Chapter 7 bankruptcy is the right option for you and contact my firm for a free initial consultation.
Either send me an e-mail or call my Austin office at 512-443-5545 (toll free 800-460-5555) to make an appointment and get the credit card debt relief you need.
I am a Board Certified Bankruptcy Attorney assisting Individuals and Small Businesses File Bankruptcy.
