How Can I File For Credit Card Bankruptcy? 

Bankruptcy is a legal process that provides individuals and businesses with relief from debts they cannot repay.  

There are different types of bankruptcy filings, but the most common for individuals are Chapter 7 and Chapter 13 bankruptcies. 

Also known as liquidation bankruptcy, Chapter 7 involves the sale of non-exempt assets to pay off creditors.  

Credit card debt is typically dischargeable in Chapter 7, meaning it can be wiped out entirely, providing a fresh start for the filer. 

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This form of bankruptcy involves creating a repayment plan over three to five years, allowing individuals to retain their assets while paying off creditors.  

Credit card debt is included in the repayment plan, often with reduced or eliminated interest rates. 

Consider consulting with a bankruptcy attorney to understand your options. 

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