Knoxville, TN asked in Bankruptcy for Tennessee

Q: I need to know details of filing for bankruptcy against credit card companies

I have 6 credit cards and I am trying to get out of debt from. I am currently swimming in payments that I can't pay over the minimum balance of. I have never missed a payment though. I just want to stop paying these horrid credit card bills but most of the items that I purchased with the cards is gone. I sold all of them over the course of a few years to pay my credit card bills. So if I try to file bankruptcy, are they going to ask for their stuff back that I don't have anymore? What happens then if so. I have no interest in giving up anything that I own. I just want to wipe my debt clean. I have a Capital One card, a Citibank Card, a Chase Card, a PayPal Line of Credit through the website (no card), a Big Lots in-store card, and a Best Buy in-store card.

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1 Lawyer Answer
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: No. Most all credit card debt is unsecured and what you bought is immaterial. Unless you’ve used them recently, likely most all of the debt would be discharged in chapter 7.

1 user found this answer helpful

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