Millions of Americans have credit card debt. In fact, according to various studies, roughly half of all Americans have at least some credit card debt. That being said, if you’re deep in debt and there is no way of paying it off on your own, there are options on the table. Contact a dedicated Memphis, Tennessee credit card debt lawyer from the Arnold Law Firm today to learn more about how we can help you clear your debt and move on with your life.
Many people believe that those in credit card debt got there because they are simply “irresponsible spenders.” Though this may be true for some, it certainly is not the case for all people. In fact, many people who’ve accumulated credit card debt simply had one bad break, and now find themselves in a great deal of debt that they cannot pay off. If you’re in debt, don’t make the mistake of trying to handle it without a seasoned Memphis, TN debt relief lawyer in your corner.
The good news is that even if you are in a significant amount of credit card debt, you do have options. When someone files for bankruptcy and completes the process, it will end in all of their unsecured debts being discharged. Examples of unsecured debts can include medical bills, utility bills, and, fortunately, credit card debt.
Put simply, if you file for bankruptcy, there’s a strong chance you can have all of your credit card debt wiped away. This is a huge sigh of relief for many individuals facing harassment from creditors and collection agencies. Further, the moment you file for bankruptcy, it will trigger the automatic stay, meaning creditors must stop all collection activities for the duration of the bankruptcy process.
Of course, if you can, it would be best to avoid filing for bankruptcy altogether. However, if creating a financial plan and budgeting your money a bit better until you’re capable of eventually paying off your debt isn’t an option because you have such a significant amount of debt, filing for bankruptcy is likely your best option. If you need a credit card debt lawyer you can count on, you are in the right place. The Arnold Law Firm is here to help.
With so much at stake, don’t hire just any law firm to represent you. Contact us, as we have years of experience in the field and an unwavering commitment to each of our clients. If you need help, we’re here to provide it.