Texas Bankruptcy: Medical Bills & Credit Card Debt Can Be Eliminated
As a bankruptcy lawyer, my job is to help consumers and small business owners resolve their debt problems, including credit card debt troubles. Since I opened my Austin bankruptcy law firm I have been able to help hundreds of clients overcome difficult financial situations, experience debt relief, and look forward to a better future.
Take the First Step Toward Debt Relief | Call Robert W. Berry, Attorney at Law, at 512-501-1948 or 888-893-5886 | E-Mail | Free Initial Consultation
Banks and credit card companies encourage the use of credit cards as a benefit, as a convenience, and as a way to establish a strong credit score. However, if you have accumulated too much credit card debt at ever-increasing interest rates and now find that you cannot pay it off, you may need to consider Chapter 7 or Chapter 13 bankruptcy.
Similarly, bankruptcy may be the best solution to a financial crisis caused by medical bills.
The Cost of Credit Card Debt
The first problems may occur when you are late on your credit card payments. Instead of paying low interest on your balance, your interest rate may suddenly rise to 30 percent or more. If you do not have the extra income to match these increased credit card payments (like many senior citizens, young couples, recent graduates, college students, divorced people or small business owners), you can quickly end up in deep financial trouble.
Business Start-Ups Funded by Credit Card
What if you financed your small business start-up on credit cards? Now that the economy has taken a downturn, your business may be suffering and you may not be able to pay the credit card bills anymore. Bankruptcy protection may provide the answer for you.
Illness and Medical Debt
One of the leading causes of bankruptcy in the United States is medical-related debt. If you or a family member is dealing with an illness, even if you are insured, you may end up accumulating high medical bills. For expensive or experimental procedures, these bills can easily run into thousands of dollars. Fortunately, you have the option of filing Texas bankruptcy. Medical bills are considered an unsecured debt that can be addressed in a bankruptcy case.
Get Relief From Debt
Federal law allows people in difficult situations to file for bankruptcy. At the law office of Robert W. Berry, I can sit down with you, assess your situation, answer your questions and provide the guidance that you need to begin the process of resolving your debt problems. We will examine your circumstances together and decide whether Chapter 7 bankruptcy link or Chapter 13 bankruptcy link best meets your needs.
Learn What You Need to Know About Bankruptcy
At a free initial consultation with Robert W. Berry, Attorney at Law, learn how I can help you get back on the road to financial freedom. Call 512-501-1948 or 888-893-5886 or contact me online. I am an Austin credit card debt relief lawyer assisting clients throughout Central Texas, including those in metro Austin.
I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.
