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Young Couple Erases $20,000 in Credit Card Debt in Chapter 7 Bankruptcy

At Cleveland Bankruptcy Attorneys, we recently helped a couple from Akron when $20,000 in credit card debt became too much to manage. The young couple had met in college and like many students, they didn’t appreciate how interest payments and monthly balances could affect their long-term stability. Because they were now out of school and fully employed, they were initially unsure if they were good candidates for assistance. However, after discussing their situation with our experienced Cleveland bankruptcy lawyers, it was clear their amount of credit card debt combined with their other living expenses, made them eligible for a Chapter 7 bankruptcy plan.

We facilitated their filing and guided them through the bankruptcy process, which erased all their past due debts. The couple was concerned that future lenders would not work with them with a bankruptcy on their record, but our compassionate and extremely knowledgeable bankruptcy professionals sat down to offer several tips and strategies to prepare them for continued financial success. With Cleveland Bankruptcy Attorneys’s network of relationships, we put them in touch with an auto lender and someone who specializes in mortgages. As a result, they obtained a new pre-owned vehicle after their discharge and came up with a plan to purchase a home within two years.

As part of our customary post-bankruptcy review, we examined their credit report to confirm all the appropriate debts had been removed. Our assessment revealed that a creditor was still pulling their credit, which was a violation of the bankruptcy agreement. Because of our diligence and careful review, we obtained an additional $8,000 settlement along with their zero-debt balance. Ultimately, our attention to detail and commitment to every client put this couple on a path to recovery.

Prior results do not guarantee a similar outcome in your case. Individual results may vary based on the facts, injuries, jurisdiction, venue, witnesses, parties, and other factors. The results and client testimonials provided are not necessarily representative of the results obtained by all clients or their satisfaction with the firm’s services.

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