Do I have to file bankruptcy ?
Many consumers with unsecured credit card debt consider bankruptcy in order to get out of debt. While each situation is different, often there is an alternative to bankruptcy. The Fair Debt Collection Practices Act is a federal law that governs what debt collectors can and cannot do in their attempts to collect debt.
If the debt collector violates the FDCPA, you have the right to turn around and make the debt collector pay you. You can then use that money to negotiate your credit card debt with the creditor. If you are dealing with a debt collector who purchased your credit card account from the original creditor, otherwise known as a debt buyer, you might be able to get them to forgive the debt as well as remove any negative credit reporting as part of their settlement with you.
Before filing bankruptcy, contact my office for a free consultation.