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Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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How do I work out an agreement with my credit card companies

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How do I work out an agreement with my credit card companies that I do want to pay them but just cannot give them what they are asking for right now?


Thank you for your question. I am happy to assist you.


A Chapter 13 bankruptcy appears to be the solution. Let me explain.

As an individual, there are two types of bankruptcy available. A Chapter 7 and a Chapter 13.

There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.

A Chapter 7 bankruptcy could discharge (erase) all of your credit card debt. It would be an opportunity for a fresh financial start.

A Chapter 13 bankruptcy is a repayment plan for an individual. It may require that you repay some of your unsecured credit card debt over a 3 -5 year period.

I hope that the information which I provided was helpful to you.

Ellen and other Bankruptcy Law Specialists are ready to help you