Proven Partners For Financial Health

Resolving Unmanageable Credit Card Debt Through Bankruptcy

Credit cards have become a sort of mainstream currency in American life. Opportunities and incentives to pay for goods and services with credit cards have steadily increased in recent years. It is far too easy for people who have trouble managing money this way to gain access to credit cards since they seem essential.

Are you drowning in credit card debt? Is bankruptcy the answer? Discuss your situation with experienced, skilled lawyers at Gudeman & Associates, P.C.. We truly care. We will not pressure you to pursue bankruptcy. Instead, we will help you determine a debt relief solution that is right for you.

How And Why People Get Trapped By Out-Of-Control Credit Card Debt

Some people try to avoid racking up more credit card debt than they can handle by using debit cards instead, but others decide that credit cards are more secure for daily use. When credit card bills become overwhelming, many people try to juggle accounts by paying off one card’s account with another. Some try debt consolidation schemes, in vain. Sooner or later, debt gets out of hand when credit card use is excessive.

Perhaps a member of your family had a health crisis, you needed essential car repairs or you lost your job. Maybe your credit card companies have now raised your interest rates to the point that even minimum monthly payments are now out of reach. Whatever your credit card dilemmas, you may have decided that you are in too deep and you wonder whether to consider bankruptcy or explore bankruptcy alternatives.

Let’s Review Your Options For Getting A Fresh Start

With a Chapter 7 bankruptcy, you may have all credit card balances and other debts wiped out. With a Chapter 13 bankruptcy, you may repay reduced portions of your debts at deeply discounted interest rates over three to five years. In either case, you should be able to rebuild your credit before long once your bankruptcy discharge is complete. Discuss your situation with a lawyer at our southeast Michigan law firm to review your eligibility and bankruptcy options.

Do you prefer an in-person office visit, a phone consultation or a meeting by video conference? We will accommodate your needs. From our Royal Oak office, we welcome clients from the entire metro Detroit area and beyond. Call 248-630-3671 or email us to schedule a free consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.