Eliminate Credit Card Balances in NYC

Getting into credit card debt is extremely easy, and can happen very quickly. Whether it is caused by unexpected expenses, the holidays, or just builds up slowly over time, many people in NYC find themselves in a position where it can seem like you will never be able to pay off credit card balances. This is the exact position that the credit card companies want you in. Millions of people from throughout Brooklyn, Bronx, Queens, Staten Island, and the surrounding area are stuck with credit card balances that never seem to drop. Whether you are just able to make the minimum payment each month, or you have fallen behind, a Chapter 7 Bankruptcy may be the solution.

Keep Your Assets

There is a lot of misinformation out there about Chapter 7 Bankruptcy. For most people, the fear of losing their home, cars, bank accounts, or other assets keeps them from pursuing this option. The reality, however, is that most people are able to keep all of these things and many more. Bankruptcy courts aren’t there to punish those who are struggling with paying off their credit card balances. Instead, the courts will work with you to find the best solution to get positioned to build a strong financial future. You may even be able to pick and choose which types of assets you want to keep, and which ones should be discharged as a part of the bankruptcy. Just let us know what you want, and we’ll fight for those goals.

Impacting Your Credit

Another common fear that people have is that going through Chapter 7 Bankruptcy will ruin their credit score. While it is absolutely true that a bankruptcy of any kind can drop your score, it usually isn’t nearly as bad as you might expect. This is especially true when you are already struggling to keep up with your bills, so your credit score isn’t great to begin with.
Once the bankruptcy if completed, you will be in a strong financial position to keep up on your bills and being improving your credit score. For most people, within just a few months it is possible to start having your credit score climb, and within a very reasonable amount of time, it will have increased beyond where it was to begin with. It is also quite common for people to begin receiving credit card offers within a very short period of time, which is something most people are surprised to hear.

Get Help with Your Credit Card Balance

You do not want to try to go through a Chapter 7 bankruptcy on your own. This is a complicated legal process, and one that can have serious long term impacts. When done properly, this bankruptcy option can wipe away your credit card balance and help you to start fresh. Contact Gursoy Law to talk about your specific situation, and see what we can do to help you get your financial house in order. We help people from throughout Brooklyn, Bronx, Queens, Staten Island, and NYC, so get in touch with us right away.