Legal Question in Credit and Debt Law in Texas

Credit Card Debt

If I can not pay my credit card debt due to reduced income, would it be beneficial to sign up with a consumer credit counseling company and give them power of attorney to negotiate with my creditors, or would it be best to file bankruptcy?


Asked on 11/11/02, 2:56 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Credit Card Debt

I would certainly recommend the former, since bankruptcy is usually a "last resort" type situation. You can always file if the negotiations fail.

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Answered on 11/11/02, 3:39 pm


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