Getting Rid of Unsecured Debt by Hiring a Good Knoxville Lawyer
Many people are struggling to make ends meet, and they have to let their debts default more than ever. This is hard for most people in the United States, because people have always been taught to pay their debts. However, when it comes down to feeding your family or paying a credit card bill your family will win every time, and rightly so. Credit card companies are notorious for gouging people who have bad credit. They have exorbitant internet rates, annual fees, and other fees that are tacked on that a consumer might not even be aware of. Credit cards really confuse people, because they feel like they are staying ahead of the game as long as they make their monthly payment. However, this isn’t always true. If a person were to pay only their minimum payment each month, then they would spend years paying off credit card charges, because most of what they are paying is interest. If the debts become too high and unmanageable, then they may not have a choice but to call on a bankruptcy and credit card defense attorney in Knoxville to help them get back on track.
Knowing How to Discharge Credit Card Debt in Bankruptcy
Credit card debt is pretty easy to discharge in a bankruptcy, because these are considered unsecured debts. However, there are a few things that could throw a kink in your plans if you are trying to discharge these debts. The bankruptcy court will only discharge debts where they feel no fraudulent activity has occurred. If you hope to get rid of these debts, then you should be able to show the court that you haven’t used the credit cards in at least 90 days, and that you have at least attempted to pay the charges since you first took the credit card out. The requirements are very lenient for this, so most people don’t have much of a problem. Credit cards are a leading cause of what drives people to file bankruptcy in the first place, and bankruptcy courts realize this. These rules are in place to prevent people from going out and getting a credit card, racking up a huge bill, and then dumping it in bankruptcy without ever even attempting to pay for it.
Hiring Competent Legal Counsel Is the Key to Success
Getting a good lawyer on your side is the key to filing a successful bankruptcy case. More people than ever have had to file over the past 5 years, and the numbers don’t seem to be slowing down anytime soon. If you need a good bankruptcy attorney, then you need to begin the search by looking online for competent attorneys in your local area.
The Law Office of Brent S. Snyder offers credit card defense Knoxville services, in addition to other related services. The firm and Attorney Snyder are well respected in the local area.