WE CAN CRUSH THAT CREDIT CARD and MEDICAL DEBT
If you have been struggling for months or years to make your minimum monthly payments, it's time to end the misery. The average credit card interest rate is over 20%. If you owe just $5,000 in credit card debt, the chances are nearly impossible that it is possible for you to pay off that debt. We have seen consumers with over $100,000 of credit card debt which piled up as a result of years of paying minimum payments and transferring balances between cards.
If you qualify for a Chapter 7 bankruptcy, you can wipe out all of your credit card debt and finance company accounts. If you file a Chapter 13 bankruptcy based upon your monthly budget, you can pay back just a small fraction of your debt. Whichever Chapter you elect, the threats of lawsuit and garnishment will stop immediately.
Medical bills can be overwhelming, just a few days' stay in the hospital can result in tens of thousands of dollars worth of medical expenses. Often your insurance, if you are lucky enough to have it, will only pay a fraction of the costs. In Chapter 7, you can discharge all your medical bills. In chapter 13, you can pay a percentage of them based upon your family budget.
