Mahaffey & Associates, LLC
Call For A Free Consultation
888-422-6894

This New Year, resolve to eliminate your credit card debt

With the New Year quickly approaching, it is a good time to start thinking about possible New Year's resolutions. However, while many people pick resolutions aimed at improving their physical health - going to the gym, eating better, etc. - you may want to consider a resolution that will improve your financial health instead - such as eliminating your credit card debt.

Even though there are many ways to get rid of credit card debt, probably the most effective option is bankruptcy. In fact, not only can bankruptcy help you discharge (eliminate) credit card debt but many other forms of debt as well, including medical debt.

Discharging credit card debt in Ohio

During a Chapter 7 bankruptcy, you can typically discharge all unsecured debts, including credit cards debts - meaning you will not be responsible for paying back your credit card bills.

However, it is important to remember that there are some exceptions to this rule. For instance, if the credit card company thinks you fraudulently ran up charges on your credit cards, it may ask the bankruptcy court to make your credit card debt non-dischargeable - meaning you may have to pay back some, or all, or your debt. Some possible examples of fraudulent behavior include:

  • You lied on your credit card application
  • You purchased "luxury" goods on your credit card within 90 days of filing for bankruptcy
  • You took out a large cash advance on your credit card within 70 days of filing for bankruptcy

When determining whether fraud is present or not, a court may consider many factors. Given the complexity of this process, it is always best to have an experienced bankruptcy attorney in corner. A skilled lawyer can explain your legal options and help you obtain the fresh start you need.

No Comments

Leave a comment
Comment Information

Ready To Help

Call Mahaffey & Associates, LLC, toll free at 888-422-6894 to speak with one of our experienced lawyers.

We offer free initial phone consultations. Evening and weekend appointments are also available upon request.

We accept Visa, MasterCard, Discover and American Express.

VISA | MasterCard | American Express | Discover Network
Tell Us About Your Legal Need

Tell Us About Your Legal Need

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

A Full Service Firm For Northwest Ohio with Three Convenient Locations 24/7 Phones And Appointments Taken at 888-422-6894.

Sylvania Office
8527 Central Avenue
Sylvania, OH 43560

Sylvania Law Office Map Phone: 419-829-2255

Northwood Office
3200 Woodville Road
Northwood, OH 43619
Map & Directions Phone: 419-693-5515
By Appointment Only

Toledo Office
3131 Executive Parkway, Suite 100
Toledo, OH 43606
Map & Directions Phone: 419-472-5555
By Appointment Only