Michael F. Kanzer
& Associates, P.C.

Thursday, October 13, 2011

Bankruptcy: Don’t Let Credit Card Debt Overwhelm You


If you’re constantly in the financial red because of credit card bills, then filing for bankruptcy might be an option to consider. It can help many persons in similar situations, but before you phone up the first bankruptcy attorney you find, you should know about the benefits and disadvantages to filing for bankruptcy because of credit card debt.

Advantages
  • You can learn sound financial tips that can help you in the future.
  • You will be able to get out of debt in a fast manner.
  • You can stop harassing creditors from constantly calling you.
Disadvantages
  • You will not be allowed to use your credit cards and not be able to apply for new cards for a while.
  • You will have to attend credit counseling classes in order to obtain certificates of financial education.
You have the ability to file the paperwork yourself, but you should contact a bankruptcy lawyer. If you need a bankruptcy attorney in Brooklyn, then get in touch with the experts at Kanzer & Associates by visiting www.KanzerLaw.com.

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