Call a Seasoned Attorney If Bankruptcy Needed
Video Transcribed: Oklahoma Attorney Edward Kelley here. 1888 Debtline, answering your bankruptcy questions as always. We’re in the series “What debt’s can I knock right out.”
We talked about medical bills last time.
Generally totally unsecured, can get rid of those today. Credit cards shouldn’t be any problem with these. I have yet to see a credit card with a proper collateral built into it. And we’ll talk about how that works with some of the small loan companies.
That’s where you see that more. The only situation you might get into trouble is if you’ve got a credit card through a bank that has cross collateralized the loan and we’ll talk about cross collateralization in another video, but your general credit cards, MasterCard, Visa, that are just issued as single cards, generally they don’t even attempt to get collateral.
So if you have any worries about those, of course always asked your attorney, particularly if it’s cross collateralized, but generally those can be knocked right out.
And we’ll talk about more debts that can be taken right away in bankruptcy in an upcoming video. And as always, if you have specific questions, you can email me at Edward@WirthLawoffice.com. Call me at 888 Debtline or join our Facebook group at Oklahomans for debt relief. Talk to you soon.