"Filing Bankruptcy For Credit Card Debt" Discussion

Upsolve Community Member
Marcello, glad you're here

Upsolve Community Member
There's different options for what to do when you're in debt- glad you came here to learn more about what might be a good option for you. As a place to start, this article on some of the options can help you learn more https://upsolve.org/learn/debt-relief-options/

Upsolve Community Member
Welcome! Ask any questions along the way 

Upsolve Community Member
Filing bankruptcy can help with credit card debt, medical bills, and other types of unsecured debt, but not all debt. It's helpful to know https://upsolve.org/learn/non-dischargeable-debts-bankruptcy-filing/ before you file bankruptcy. 

Upsolve Community Member
Hi Lynn, You may be a good fit for filing bankruptcy now, but that is for you to decide given your current financial situation. Here is an article to give you some guidance: https://upsolve.org/learn/should-i-file-for-chapter-7-bankruptcy/ Additionally, most people can keep their car and get debt relief by filing bankruptcy. Here is an Upsolve Article that covers this topic: https://upsolve.org/learn/can-keep-car-file-bankruptcy/

Upsolve Community Member
Lynn, thanks for asking! It sounds like you might find this resource helpful: https://upsolve.org/learn/debt-collection-lawsuit/ 

Upsolve Community Member
Please let us know if you have any other questions! 

Upsolve Community Member
Hi Lynn, I also recommend reading https://upsolve.org/learn/bank-account-garnished/. It discusses the limits on bank garnishments. 

Upsolve Community Member
I read the article on Bank account garnishment, however I’m not sure I understand it completely. It said it could garnish electronic deposits but not paper checks or cash deposits, Did I get that right?

Upsolve Community Member
Hm, it might be a bit more complicated than that- try reading that article again and this one might help too: https://upsolve.org/learn/stop-wage-garnishment/ 

Upsolve Community Member
Hello Gloria, Most people can keep their car and get debt relief by filing bankruptcy. Here is an Upsolve Article that covers this topic: https://upsolve.org/learn/can-keep-car-file-bankruptcy/ However as far as your credit cards, all accounts will be closed. Do not hesitate to ask any further questions.

Upsolve Community Member
The Learning Center has a short-to-the-point answer to https://upsolve.org/learn/keep-credit-card/ you might want to take a second to read. There is also an article https://upsolve.org/learn/file-for-bankruptcy-for-credit-card-debt/ that discusses credit cards and Chapter 7 bankruptcy in more detail.  

Upsolve Community Member
Thank you for the feedback I appreciatd.

Upsolve Community Member
Mary, so so glad you came here to ask. You're doing exactly the right thing by thinking through the options and asking questions when you have them.

Upsolve Community Member
Here's an article that describes some of the options: https://upsolve.org/learn/debt-relief-options/ Bankruptcy, debt consolidation, and debt settlement are some of the options you'll learn about. Check it out and ask here with the questions that come up once you learn more!

Upsolve Community Member
Another article here if it helps! https://upsolve.org/learn/paying-off-credit-card-debt/ 

Upsolve Community Member
If you're thinking about filing bankruptcy, the Upsolve article https://upsolve.org/learn/should-i-file-for-chapter-7-bankruptcy/ will help you in the decision making process. 

Upsolve Community Member
Hi Jesus, You may be a good fit for filing bankruptcy now, but that is for you to decide given your current financial situation. Here is an article to give you some guidance: https://upsolve.org/learn/should-i-file-for-chapter-7-bankruptcy/

Upsolve Community Member
Thanks so much for asking this. https://upsolve.org/learn/file-for-bankruptcy-for-credit-card-debt/#what-happens-when-you-get-behind-on-your-credit-card-payments 

Upsolve Community Member
That article is a good resource to learn more about what may happen next, and can point you in the direction of some options 

Upsolve Community Member
Hello Jesus!  The articles above will help you. Although a few months later I filed Chapter 7 using Upsolve, the first step I took when I knew I was in trouble was to CALL MY CREDITORS and explain the situation. All of them put me on a program that lowered my interest rates and monthly payments. For many, this can be a temporary solution until you are back on their feet! :-)