STOCKTON BANKRUPTCY ATTORNEYS

Immediate Credit Card Debt Relief in Stockton

Many people who are struggling to make their credit card payments are surprised to learn that they may be able to discharge their debt through bankruptcy. This is true even if you have never filed for bankruptcy before. When you work with our Stockton bankruptcy lawyers, we can help you determine if you are eligible to discharge your debt and get you on the path to financial recovery.

Call (209) 243-7560 today to schedule your initial consultation with our Stockton bankruptcy attorneys. We proudly serve clients throughout the Central Valley and beyond.

Understanding Bankruptcy and Debt Discharge

When you file for bankruptcy, your debts will be discharged, meaning that you will no longer be legally obligated to pay them. You will be able to discharge most unsecured debts, including credit card debt, medical bills, and personal loans. You will not be able to discharge debts that are backed by collateral (such as a car loan or a mortgage), or certain types of debt, such as spousal support or child support.

In order to be eligible to receive a discharge of your debt, you must meet the following requirements:

• You must pass the means test
• You must file a Chapter 7 or Chapter 13 bankruptcy
• You must be able to document your financial situation

If you meet these requirements, you will be able to receive a discharge of your unsecured debts. This means that you will no longer be required to pay back the credit card debt, medical bills, and personal loans that you owe. However, you will still be obligated to pay back debts that are backed by collateral or certain types of debt.

Types of Credit Card Debt You Can Discharge

Discharging credit card debt can be a great way to get out from under-crushing debt. If you have been struggling to make your payments, you may be surprised to learn that you can discharge your debt through bankruptcy. Our Stockton bankruptcy lawyers can help you determine if you are eligible to discharge your debt and get you on the path to financial recovery.

You may be able to discharge the following types of credit card debt:

• Credit card balances
• Overdue payments
• Fees and penalties
• Interest charges

In order to discharge your credit card debt, you must pass the means test. If you pass the means test, you will be able to discharge your credit card debt, even if you have used your credit cards irresponsibly in the past.

Qualifying for Debt Discharge with the Means Test

The Means Test for Credit Card Debt

The means test determines whether you can afford to pay back your debt. Your income is compared to the median income for your family size, and if your income falls below the median, you are presumed to be unable to pay back your debt. If your income falls above the median, you will need to provide additional documentation to prove that you can afford to pay back your debt.

If you pass the means test, you will be able to discharge your credit card debt, even if you have used your credit cards irresponsibly in the past. If you fail the means test, you will not be able to discharge your credit card debt, but we can help you explore other debt relief options.

Speak with a Stockton Bankruptcy Attorney Today

Struggling with credit card debt? Law Office John Kyle & Greg Smith in Stockton is here to help. Our experienced lawyers can guide you towards a debt-free future. Contact us today for personalized solutions and financial relief.

Call (209) 243-7560 or contact us online to speak with a Stockton credit card debt attorney from the Law Office of John Kyle & Gregory Smith.