Tackle Your Financial Hardships Head-On With Our Trusted Credit Card Debt Discharge Lawyers
When you are struggling with credit card debt, it is easy to feel like you are out of options. The constant pressure of mounting bills, harassing phone calls from creditors and the stress of financial uncertainty can be overwhelming for anyone. In certain situations, seeking legal discharge of your credit card debt might be a viable solution to regain your financial footing.
Credit card debt discharge is a legal process that can potentially eliminate your obligation to repay some or all of your outstanding credit card balances. This form of debt relief becomes crucial when you are facing insurmountable debt due to unexpected life events, such as job loss, medical emergencies or other financial hardships.
If you find yourself in this situation, our experienced credit card debt discharge lawyers at Light & Gonzalez, PLLC, can be your invaluable legal allies. With over 20 years of combined experience helping individuals and families in Plantation, we understand the urgency of your situation.
Leveraging our in-depth knowledge of credit card defense in Florida, we can help you determine whether a discharge is the right option for you. As your dedicated legal team, we are ready to guide you through the process and safeguard your rights and financial interests.
Can Credit Card Debt Be Discharged?
If you are struggling with credit card debt, you may be wondering if there is a way to start fresh. The good news is that, in many cases, credit card debt can be eligible for discharge through bankruptcy, either without repayment or with only partial payment.
As seasoned credit card debt discharge lawyers, we understand that the decision to file for bankruptcy is not an easy one. It is a complex process that requires careful consideration and experienced guidance.
Bankruptcy is the primary legal method for forgiveness of credit card debt. When it comes to filing for bankruptcy, people consider two primary options:
- Chapter 7 bankruptcy: Often referred to as “liquidation bankruptcy,” Chapter 7 can discharge most unsecured debts, including credit card debt. This process typically takes three to six months and may require you to sell some nonexempt assets to repay creditors.
- Chapter 13 bankruptcy: Known as “reorganization bankruptcy,” Chapter 13 does not immediately discharge debts. Instead, it allows you to create a three- to five-year repayment plan. After completing it, remaining eligible debts, including credit card balances, may be eligible for discharge.
We often recommend that clients gather all necessary documentation before filing to help streamline the process. This includes credit card statements, income information and a list of assets and debts.
However, it is important to note that not all credit card debt can be eligible for discharge. For example, debt may not be discharged for:
- Recent charges for luxury items
- Cash advances taken shortly before filing for bankruptcy
- Debts incurred through fraud or false pretenses
As skilled debt lawyers in Florida, we can help you navigate these complexities and determine which debts may be eligible for discharge. Our goal is to help you lay the groundwork for a more stable financial future.
Debt Settlement: An Alternative Approach
While bankruptcy is the primary legal method for discharging credit card debt, debt settlement offers another potential path to financial relief. At Light & Gonzalez, PLLC, we often explore this option with our clients when appropriate.
During debt settlement, we negotiate with creditors to reach a compromise, aiming to reduce the amount you need to pay to settle your debt. This approach can be a viable alternative to bankruptcy for certain individuals, especially those with access to a lump sum or who can gather funds within a short timeframe.
While debt settlement can be effective, it does come with potential drawbacks. It may negatively impact your credit score, and there may be tax implications for forgiven debt. Additionally, not all creditors are willing to negotiate, and the process can take several months to complete. As your trusted legal allies, we can help you identify whether debt settlement, Chapter 7, Chapter 13 bankruptcy or another debt relief strategy might best fit your situation.
Reclaim Your Financial Freedom With Our Credit Card Debt Discharge Lawyers
As seasoned attorneys in Florida, we have seen firsthand how easily credit card debt can get out of hand and how stressful financial hardships affect our clients’ lives. Our dedicated team of lawyers is always ready to step in and help you explore your options. With years of experience in debt relief and bankruptcy law, we have helped countless people in Plantation and surrounding areas regain control of their finances. Call us at 754-778-9911 or fill out our online form to arrange a meeting with our lawyers. Do not let credit card debt control your life any longer.
