Legal Question in Bankruptcy in Nevada
Is bankruptcy an option?
I have a credit card with a 29% interest rate and a minimum payment of over 2,000 dollars. The credit limit is only 3,000. Yes I did say only 3,000. I have a high car payment and car insurance. I live alone and pay rent fully on my own as other various bills. I have another credit card that I am making payments towards and would like to resolve this other credit card problem but I am not sure if bankruptcy is for me but I don't know how to start to pay this extrememly outrageous credit card.
Asked on 5/15/08, 7:56 pm
1 Answer from Attorneys
James Smith
James E. Smith Ltd.
Re: Is bankruptcy an option?
One should not file bankrupcy unless the total of one's unsecured debts exceeds one's annual salary. Credit cards can be paid off with lower interest credit cards.
Answered on 5/15/08, 11:32 pm
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