In Chapter 7 bankruptcy (liquidation of your non-exempt property, if there is any), whatever credit card debt cannot be paid from your non-exempt property is discharged, in other words, eliminated. In a Chapter 13 bankruptcy (reorganization), part of your credit card debt will be paid from your income over a 3 to 5 year period. The rest will be discharged. In bankruptcy, collection activities against you must stop. You cannot be contacted by creditors, and money cannot be taken from your bank account or paycheck. Warning: Credit card purchases for luxuries within 3 months of filing are considered fraudulent and will not be discharged. Luxuries are non-essentials such as jewelry and travel.
In Chapter 7 bankruptcy (liquidation of your non-exempt property, if there is any), whatever credit card debt cannot be paid from your non-exempt property is discharged, in other words, eliminated.
In a Chapter 13 bankruptcy (reorganization), part of your credit card debt will be paid from your income over a 3 to 5 year period. The rest will be discharged.
In bankruptcy, collection activities against you must stop. You cannot be contacted by creditors, and money cannot be taken from your bank account or paycheck.
Warning: Credit card purchases for luxuries within 3 months of filing are considered fraudulent and will not be discharged. Luxuries are non-essentials such as jewelry and travel.