Jefferson County Understanding Credit Attorneys
Credit cards have become so commonplace that many people use them not only to pay for luxury items, but also to pay for necessary expenses. A common concern for those who are filing for bankruptcy is whether they will be able to keep their credit cards. In most cases, the answer is no. While this can create a financial hardship for many, it is ultimately in your best interests, and it is important to know what to expect in the process.
At the law firm of Gina H. McDonald & Associates, in Birmingham, our firm has filed thousands of bankruptcy on behalf of clients throughout Alabama. We know what is likely to happen in a Chapter 7 or Chapter 13 bankruptcy and how to advise our clients through the process with ease and simplicity. We may not be able to tell you everything you want to hear but we will tell you what you need to know.
Will They Take Away My Credit Cards?
When you file a bankruptcy, whether a Chapter 7 or Chapter 13, all of your creditors will be notified. Credit card companies, upon being notified, will generally close off that source of credit automatically. After all, these companies need to protect their financial interests, too. It may be possible to reaffirm a credit card debt in order to keep the card, but that is usually not in your best interests, since the point of filing for bankruptcy is to get out of debt.
Instead, we will help you understand better ways of managing your finances and let you know your best options for establishing a fresh financial future where you are not dependent on secure credit cards.
Learn What to Expect in Alabama Bankruptcy
Schedule an appointment and talk with one of our experienced lawyers about life after bankruptcy in Alabama. We have offices in Birmingham and Oneonta. Contact our firm by e-mail or by calling us toll free at 888-412-9047.
