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I have accumulated $25000 debt on credit cards last month. Can bankruptcy help me?




Yes, definitely. It's better you first talk to a financial adviser about this, so that you're aware of the pros and cons and you can also discuss about other options as well.

Sub: #1 posted on Mon, 10/09/2017 - 16:26

Good Nelly Good Nelly
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(Posts: 2659 | Credits: 531.75)

Dear, bankruptcy should be the last resort. Because it will hurt your credit score majorly. It is better to consider debt consolidation or settlement.

Sub: #2 posted on Mon, 10/09/2017 - 18:56

sanderspatricia29 sanderspatricia29

(Posts: 613 | Credits: 64.31)

You can go for bankruptcy, but you must ask an expert first. Call an attorney and tell him your situation.
You might also think about a debt management program.

Sub: #3 posted on Tue, 10/10/2017 - 19:04

tiarajoseph11 tiarajoseph11

(Posts: 300 | Credits: 42.48)

Isn't there any way out which can be good for your credit report and score? You will have to meet the eligibility criteria to file a bankruptcy.

Sub: #4 posted on Wed, 10/11/2017 - 20:39

Mabelle Page Mabelle Page

(Posts: 153 | Credits: 14.99)


Surely, Bankruptcy is a viable option. But you must see a counselor first. If you can settle your debts yourself, then why will you file a bankruptcy? Your credit report will look bloody!!

Sub: #5 posted on Fri, 10/13/2017 - 18:41

Phil Bradford Phil Bradford

(Posts: 163 | Credits: 16.64)

Do you have other debts? Try to settle your debts first.

Sub: #6 posted on Fri, 10/20/2017 - 17:46

ditchdebt ditchdebt

(Posts: 661 | Credits: 253.26)

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