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A Chapter 7 Bankruptcy Lawyer in Bel Air, MD Can Erase Your Credit Card Debt

It’s not easy to pay debts that have become burdensome. When you are drowning in debt and cannot stay financially afloat, you need to consult with an attorney. Doing so will ease some of the burden that too many debts can impose.

Therefore, if you wish to eliminate a heavy burden of debt, you literally owe it to yourself to contact a bankruptcy attorney. Doing so can help you eliminate the large financial strain that has been placed on your budget. It also gives you the ability to start fresh monetarily. If you feel you can find no way out of your current debt situation, contact an attorney right away.

Debts That Are Still Payable

When you speak to a Chapter 7 bankruptcy lawyer in Bel Air, MD, he or she can tell you what debts can and cannot be discharged when filing Chapter 7. Some of the debts you will still owe include the following:

  • Child support
  • Alimony
  • Certain taxes
  • Student loans
  • Debts that are considered fraudulent

Getting Rid of Credit Card Debt

Most people who seek the services of a Chapter 7 bankruptcy lawyer are burdened with heavy credit card debt. They also own very few assets. Therefore, in the majority of these cases, Chapter 7 bankruptcy can entirely eliminate all their obligations.

Reaffirming Your Debt

When you speak to a Chapter 7 bankruptcy lawyer, he or she will assist you in keeping certain secured debts, such as your furniture, auto, or house. You can keep these assets by signing a reaffirmation agreement. If you make the decision to reaffirm a debt, you cannot erase or bankrupt the obligation for eight years. You still owe the debt and therefore must pay it as you did before your Chapter 7 filing.

Who to Call for an Appointment

You can learn more about making a Chapter 7 filing by contacting a bankruptcy law firm, such as Christman & Fascetta LLC. Doing so will give you a more positive perspective, if not a whole new lease on life.

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