Overwhelming Credit Card Debt: When Enough Is Enough
In our experience as bankruptcy lawyers, many of the people who contact us for help have been struggling with out-of-control credit card debt for a long time. Clients often come to us having suffered months or even years of stress and desperation, all because they were still holding out hope that somehow their credit card debt situation would improve.
The truth is that once you become caught up in the cycle of "robbing Peter to pay Paul" or taking out payday loans to make minimum payments on your credit cards, things have probably already gone too far. It's time to seek help.
Getting help from an experienced bankruptcy attorney is not about admitting defeat or giving up — it's about understanding your options and getting an outsider's professional and highly knowledgeable perspective on your situation.
How Much Credit Card Debt Does It Take to Justify Filing for Bankruptcy?
The answer to this question depends on many factors, including your income and your other financial obligations. There is not a specific amount of debt beyond which it becomes necessary to file for bankruptcy. We have had clients with $3000 in credit card debt for whom bankruptcy was the only practical solution. We have also had clients with tens and even hundreds of thousands of dollars in unsecured debt who were able to resolve the issue without filing for bankruptcy.
What is important is that you know where you stand. You should understand your rights and options. You should also be aware of the consequences of inaction. You should know that, if left unaddressed, out-of-control credit card debt can result in wage garnishment, the attachment of your bank account, the placement of a lien on your home and even a lawsuit filed by your creditors.
If you live in Arizona and you need the help of an experienced bankruptcy and debt relief attorney, we invite you to contact the Clark Law Offices in Phoenix and Mesa for a free, no obligation, no pressure consultation. Get the answers and sound legal guidance you need today. If you do decide to file for bankruptcy, we can help you rebuild your credit.
Our offices are conveniently located in Phoenix, just south of the Biltmore, minutes from Hwy 51, and in downtown Mesa.
