New Orleans Credit Card Debt Lawyers

Overwhelming credit card debt is a common cause for people to seek bankruptcy relief. When you can no longer keep up with your monthly credit card payments or if you are using credit cards to pay for necessities and everyday expenses, you are likely in financial crisis. This can lead to a variety of negative consequences that can cause further hardship. 

If you have found yourself in this situation, you can turn to Edwin M. Shorty, Jr. & Associates serving individuals and families throughout New Orleans and Southeastern Louisiana. Our legal team has been dedicated to providing debt relief solutions to clients since 2003. We have helped thousands of clients regain control of their finances through appropriate legal action. We are here to inform, advise, and act as your committed advocate.

Learn how you can get relief from crushing debt. Schedule a free initial consultation with one of our New Orleans credit card debt attorneys by contacting us online or at (504) 977-2575. 

Credit Card Debt & Bankruptcy

Falling behind on your credit card payments can result in further financial trouble. Late payments can involve penalties or fees. Your bank may also increase your interest rate which puts less of your payment toward the principal of what you owe. Late payments and defaults on your card can impact your overall credit score making it difficult to obtain future credit or qualify for housing. When you can no longer make payments, your account may be turned over to a debt collection company. This can lead to harassment in the form of never-ending calls, letters, texts, and emails that can eventually wind up in threats of legal action. 

If you are sued in court by a debt collector, it can result in a default judgment which shows that you owe the debt. Attorneys fees and other expenses may be added to the debt. This judgment can lead to wage garnishments or even the loss of certain property to satisfy the debt.

By filing a Chapter 7 bankruptcy, you can wipe out all or most of your credit card debt. To do so, any property you own that is not under the protection of bankruptcy exemptions will be sold and the proceeds used to pay your creditors.