Credit Card Debt & Bankruptcy in 2023 (Everything You NEED To Know)

Are you struggling with credit card debt and wondering if bankruptcy is the right solution for you in 2023? Look no further! This video covers everything you need to know about credit card debt and bankruptcy in the upcoming year.

Don't let credit card debt control your life, watch this video and take control of your finances today!

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

KEY MOMENTS
0:00 Introduction On Credit Card Debt & Bankruptcy in 2023 (Everything You NEED To Know)
1:57 Internal Collections
2:10 Outside Collections
2:23 No Payment Beyond 6 months
2:47 No Payment Consequences
4:03 Bankruptcy | Statute Of Limitations

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

MORE ABOUT JOHN SKIBA
John Skiba is a bankruptcy & consumer protection attorney in the state of Arizona.

John helps clients with chapter 7 bankruptcy & chapter 13 bankruptcy for Arizona residents.

🌵🌵🌵🌵🌵 ARIZONA RESIDENTS ONLY: If you live in the state of Arizona and need help with a junk debt buyer lawsuit or need to file bankruptcy I can help you directly.

🔥📞 Talk to John now! (Arizona Residents Only) [phone]

John offers informational products and strategies for consumers facing serious debt problems - particularly those being sued by junk debt buyers like Midland Funding, Portfolio Recovery Associates, Cavalry SPV, and many more.

[cjhoward]

Cut and cancelled my only 2 cards over 15 years ago !
I’m 57… no mortgage, no ANY debt 😊 I get anxious whenever I hear about other peoples debt… and it’s not even my debt 🤷🏼‍♀️

[turnovertheleaf]

I just wanted to know how people are still spending! I thought higher interest rates would slow consumerism. Nope.

[ProphetJoseph]

A wealth of good information. Thanks you so much, really enjoyed the video, Keep up the great work.

[genenco]

Now if you're on SS and that's your only income, you're "Judgement Proof" you're money is protected, they can't seize it.

I have two collection agencies (debt buyers) who called me did the "We're trying to collect a debt" and find out I'm on SS and I'm not about to pay them one cent.

They haven't called again, they know I'm not worth spending time trying to collect from as I know the law, and the law protects me.

[ME-otce]

Good video, my credit card is so high with the rate they raised, I can not keep up, . If you stop paying your credit card and it's with the same bank that your money is deposited to, every month, should you stop having money deposited to that bank before going bankrupt ? Thanks for any info.

[JJSeattle]

I was thinking about one guy said, "I feel like a failure, " and I chuckled and said, "Don't. Nearly every celebrity, singer, actor has filed bankrucpty, from Willie Nelson to Merle Haggard, from Chris Tucker to 50 Cent, even Donald Trump filed bankruptcy several times, saying, 'Its my right; I'm just working legally within the laws the government wrote.'"

[JK-rgej]

Wow do I wish you lived in Michigan! Your videos are incredibly helpful! I have a question about debt settlement. How long after my debt is sold to a third party debt collector do I have before I am sued? I hope to be able to save enough money to settle with these companies but I will need some time to do that and I am wondering how much on average I will have to do that.

[zenabubawah]

Very helpful information. Thanks for sharing.

[riverlady]

How do you afford a bankruptcy lawyer if you’re broke?

[xINVISIGOTHx]

is it a good or bad idea to say you might need to go bankrupt in court? or in private to a debtor? if they dont make it cheaper

[miketyson]

I got screwed by the trucking industry now I owe 65 thousand in credit cards

[ChrisMarshall]

What if you can’t pay a personal loan? What happens?

[wldnemesis]

If you file Chapter 7, will you be able to keep some credit cards? If you're current with payments on some of your cards, will you need to go into default on those remaining CCs so you can file Chapter 7?
Unfortunately, we're living in a time when, in some circumstances, we need to make payments electronically, like buying an airplane ticket or making reservations, so getting rid of all your cards would be very difficult...

[Laura-dolphinfan]

Thank you for all this info .. i really apricate all the videos .. my CC company will not allow me to use because I've stopped paying since I'm in the process of chapter 7 ( although, I'm not sure 'when the filing ' happens exactly, just paid and supplied all the paperwork )

[NoeCastellon]

I was just served last week from a debt collector for the $15K I have owed on CC. I have more CC debt that is closed and I am making monthly payments on them I have another large $17K CC that I am not making payments on but have offered me settlements (50% off) and 4 payments. Because I was just served w the other debt I am now considering Bankruptcy. What are the cons of doing chapter 7?

[findyaar]

I have 100k credit card debt and i have some high luxury charges in last 2 months. Should i continue to make payments for next 5-6 months and then file for bankruptcy so its not considered fraudulent for me having luxury charges. Please guide me thanks

[criticalthinker]

does this mean the creditor should initiate and pay for arbitration costs?
‘“The parties are ordered to proceed with the arbitration pursuant to the terms of the agreement, including Plaintiff’s initiation of arbitration and payment of costs.”
Thanks for your help

[moviesforrandy]

dam in Georgia you cant on more than 20 thousand in property.you make it sound easy in Arizona.

[kaysavolainen]

How do you get out from under a default judgement lein

[TAPPChannel]

can you file bankruptcy without being worry about you home if you own your property with your spouse having deed as tenants by the entirety????