Credit cards are the most frequently used financial product in America, with 60% of consumers— nearly 170 million — holding one or multiple cards.
By the end of 2018, total credit card balances were around $900 billion, according to an August 2019 report by the Consumer Financial Protection Bureau.
Now may be the best time to file bankruptcy. Get rid of your debts at a time when your income is at a low point. At this time, you may qualify you for Chapter 7. Keep in mind any amounts you received for the CARES Act do not affect your income for bankruptcy.
Call me and I can provide you a free consult (201) 446-5904.