Usually unsecured credit card debt can be discharged in a Chapter 7 bankruptcy. However, credit card charges for luxury goods and services owed to a single creditor, totaling to more than $550.00 within 90 days of filing, are presumed nondischargeable and may be found to be due and owing. Cash advances totaling to more than $825.00 for all creditors within 70 days of filing are also presumed nondischargeable and may be found to be due and owing. If you are considering filing bankruptcy, you should stop using your credit cards immediately.
The information about credit card debt contained herein is for educational and informational purposes and is not legal advice.