Many consumers file for bankruptcy because they talked to an attorney who recommended it. This article could have a disclaimer like, “For legal advice you should consult an attorney.” The problem is (1) attorneys have nothing else to recommend besides bankruptcy, and (2) few attorneys are knowledgeable in consumer debt issues. They are ignorant of the fact that collection attorneys have difficulty documenting credit card debt to the standard required by a court of law and its rules of civil procedure. In addition the attorney is guaranteed to get paid in a bankruptcy, while there is very little money to be made representing a “guilty” credit card debtor.

Bankruptcy can be a very serious, life-altering event. You may not qualify for Chapter 7 liquidation. Instead, you can be forced into Chapter 13 and a payment plan if you have sufficient income. Bankruptcy stays on your credit report for 10 years. In addition you will always have to answer the question, “Have you ever been through bankruptcy?’ affirmatively. According to the Credit Card Debt Survival Guide, debt collectors and collection attorneys have difficulty documenting credit card debt, particularly if they represent a junk debt buyer to whom the debt has been sold. According to the guide, a credit card debt lawsuit can be avoided. What is required is the proper written communication to the debt collector or collection attorney.

The summons for a credit card debt lawsuit arrives AFTER the collection attorney has decided that the consumer is a good “guilty” candidate, meaning the consumer has sent nothing demanding proper documentation of the debt. Or, in some states where it costs little or nothing to file a complaint at the court, the collection attorney does not respond to answers to summonses that point out there was improper or no documentation furnished.

Consumers should revise their thinking about bankruptcy when it comes to credit card debt. The selective informal bankruptcy with non-payment of credit card debt is the effective debt solution to consider.

Matt Highlander researched the Credit Card Debt Survival Guide. Learn about debt settlement and legal nonpayment strategies to Eliminate credit card debt. Matt Highlander is a contributing writer. Www.credit-card-debt-survival.com

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