FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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Credit Card

I have both my credit cards maxed out and 3 lines of credit to a total of 150,000. When you file for bankruptcy who looks after these bills? I have been getting phone calls everyday. Also how long does the process take when you file for bankruptcy to restart your credit rating?

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One Response to “Credit Card”

Barton Goth GCO Bankruptcy Trustees said...

This is difficult to answer as it is highly dependent on your current financial circumstances. The only thing I can say is that one secured credit card will not be enough as it will only lodge 1 positive comment with the credit bureau.

What you need to do to rebuild as quickly as possible is look at getting a couple other smal loans (i.e. $500 or so), repay them and replicate.

This way you will be able to get a number of positive comments and therefore rebuild your credit more quickly. By doing this I have seen many people rebuild completely withing 2 years after their discharge.