I understand that under the new bankruptcy laws, you cannot file on credit cards, is this correct?

[cadby]

My husband was laid off & we cannot pay our bills and are looking at all options. We owe on our house, car and the rest is credit cards.

[aviya]

That is incorrect. Most of my clients file for bankruptcy because of overwhelming credit card debt. You should seek counsel of a local bankruptcy attorney to see what your options are. Inaction may cost you. For example, you may be able to use your monthly payment for your home and car to offset your income and qualify for Chapter 7.

Disclaimer: Unfortunately, it is impossible to give legal advice over the internet, no matter how well researched or written. Before relying on any information I give, contact a lawyer to discuss your particular situation. I am a San Francisco bankruptcy attorney. The information given is based on California law.

[patwin87]

Your information is wrong. The new BK rules (that went into effect in October, 2005) make it harder to file for BK under Chapter 7. That is all.

[motega]

no, that is not correct.