Law Office of James L. Keenan

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James Keenan Law

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PH 916.448.6923

TXT 916.715.6145

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Contact me for a free consultation!

PH (916) 448-6923

TXT (916) 715-6145

EMAIL James now!

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Sacramento Bankruptcy & Debt Relief Attorney

Get news, tips and information about bankruptcy filing and debt relief/elimination in Sacramento

Bankruptcy Discharge of Credit Card Debt

Bankruptcy Discharge of Credit Card Debt

Bankruptcy discharge of credit card debt is one one the most common consumer causes of bankruptcy filings. If your credit card debt is more than you can repay, bankruptcy my be a solution. The main premise of filing bankruptcy is coping with debt you are unable to afford. Bankruptcy law allows to to discharge, or eliminate, debt you cannot repay.

If you are able to afford to partially repay your debts, bankruptcy law will require you do so. You may still be entitled to a bankruptcy discharge of credit card debt you can’t repay. So if you can pay back 20% of your debt, bankruptcy law can allow you to eliminate the remaining 80% once you pay the 20% back. Your ability to repay part of your debt and discharge the rest depends on your personal budget. The more you make, the more you can repay. The more your expenses are, the less you can repay. Every case and consumer are different. Typically the type of bankruptcy where you repay part of your debt is called a Chapter 13 bankruptcy.

credit card debtOften consumers want to repay part of their debt. Though a bankruptcy discharge of credit card debt is part of what may prompt a bankruptcy, repayment of other debts can be a factor. Cars and mortgages are commonly the types of debts that are repaid through a bankruptcy. This is particularly so when consumers are behind, or in default, with these types of loans. A common form of a Chapter 13 bankruptcy reorganization is to repay a delinquent mortgage in full and discharge all your credit card debt.

If you are unable to pay even a portion of what you owe, you can obtain a bankruptcy discharge of your credit card debt in its entirety. This means you will not have to repay back any of your debt. Typically this type of bankruptcy is known as a Chapter 7. To qualify for a Chapter 7 bankruptcy you must meet income eligibility standards. If you earn less than a certain amount, the bankruptcy laws consider you are unable to meet your ordinary living expenses. And if you can’t pay your everyday ling costs, you can’t pay debt you may have on top of that. So say the bankruptcy laws.

Whatever your financial situation is, bankruptcy discharge of your credit card debt can be an option. And it can be a big benefit, both financially and mentally. With consumer credit card debt in America nearing a trillion dollars according to this NPR story and this CNBC video clip, as well as many other sources reflecting the same, bankruptcy is becoming an increased necessity for many.

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Title Loans in Bankruptcy
Debt, Income and Bankruptcy

Law Offices of James L. Keenan

2600 H St. Sacramento, CA 95816

Phone: 916-448-6923

Fax: 916-442-6524


Office Hours: Mon – Fri 8 a.m. – 5:30 p.m.

Evening Appointments Available

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Disclaimer: The legal information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth herein are based upon the facts of that particular case and do not represent a promise or guarantee. Please contact James Keenan personally for a consultation on your particular matter. This web site is not intended to solicit clients for matters outside of the state of California.