Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Figure You Can Erase Your Holiday Credit Card Debt with Chapter 7 Bankruptcy in Missouri or Illinois?

Before you go hog-wild on Christmas shopping, you might want to take caution of you are thinking of filing bankruptcy after the holidays. Every once in a while, someone will come into my office needing a credit card debt fix if wondering, “Should I file bankruptcy?” A Missouri or Illinois Chapter 7 bankruptcy may be a credit card debt solution for some; but if you plan on getting out of paying your bills by filing on December 26th , any St. Louis Missouri bankruptcy attorney will probably tell you that it is a mistake.

One of the many benefits of Chapter 7 bankruptcy is that you can erase things like credit card debt. But, if you have incurred a lot of credit card debt right before filing, your creditors might be suspicious that you had no intention of paying them back in the first place. If that is the case, they can sue you during your bankruptcy proceeding—claiming that the debt was fraudulent and should still have to be repaid after the discharge of your bankruptcy.

That doesn’t mean that you have to sit around until next year wondering when to file bankruptcy but it does mean that you shouldn’t spend money on your credit cards like it’s money in your bank account. If you truly want to get the credit card debt help you need and Chapter 7 bankruptcy is in your future, put away your cards and focus on making a fresh start in 2010.

How can you get your fresh start? A Missouri or Illinois bankruptcy attorney can save you from drowning in debt by answering all your questions before you even step foot in an office. And the best Missouri and Illinois bankruptcy lawyers offer it to you for free. You can order my free ultimate debt guide, “Get Out of Debt: Secrets Your Creditors Don’t Want You to Know,” by clicking here.