Share post
member profile picture
Posts: 1
Credits: 27.55
[Donate]

I have accumulated $25000 debt on credit cards last month. Can bankruptcy help me?




Yes, definitely. It's better you first talk to a financial adviser about this, so that you're aware of the pros and cons and you can also discuss about other options as well.

Sub: #1 posted on Mon, 10/09/2017 - 03:56

Good Nelly Good Nelly
Industry Expert
(Posts: 2670 | Credits: 372)

Dear, bankruptcy should be the last resort. Because it will hurt your credit score majorly. It is better to consider debt consolidation or settlement.

Sub: #2 posted on Mon, 10/09/2017 - 06:26

sanderspatricia29 sanderspatricia29

(Posts: 713 | Credits: 73.21)

You can go for bankruptcy, but you must ask an expert first. Call an attorney and tell him your situation.
You might also think about a debt management program.

Sub: #3 posted on Tue, 10/10/2017 - 06:34

tiarajoseph11 tiarajoseph11

(Posts: 330 | Credits: 45.4)

Isn't there any way out which can be good for your credit report and score? You will have to meet the eligibility criteria to file a bankruptcy.

Sub: #4 posted on Wed, 10/11/2017 - 08:09

Mabelle Page Mabelle Page

(Posts: 163 | Credits: 16.04)


Surely, Bankruptcy is a viable option. But you must see a counselor first. If you can settle your debts yourself, then why will you file a bankruptcy? Your credit report will look bloody!!

Sub: #5 posted on Fri, 10/13/2017 - 06:11

Phil Bradford Phil Bradford

(Posts: 166 | Credits: 16.92)

Do you have other debts? Try to settle your debts first.

Sub: #6 posted on Fri, 10/20/2017 - 05:16

ditchdebt ditchdebt

(Posts: 667 | Credits: 98.88)

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


Page loaded in 0.286 seconds.