After Holidays Bankruptcy May Not Be The Credit Card Debt Fix You Were Hoping For In Missouri

In some ways, credit cards have made the holidays easier

. It is much easier to get through a Christmas list when you can put it all on your Visa. At the same time, credit cards have made it harder for us to avoid over spending. If you don't see the money leaving your hands, you can't really get a clear picture of what you've spent--and it could take the sting out of spending too much. But it only eases the pain until that january bill comes. The post-holiday bills are often a shock to us and our bank accounts. If you're thinking, "I should just file bankruptcy after Christmas and erase all my credit card debt," an experienced St. Louis Missouri and Illinois bankruptcy attorney might tell you to start on Plan B.

One of the many benefits of Missouri chapter 7 bankruptcy is that you can find a credit card debt solution. But, if you have incurred a lot of credit card debt right before filing, your creditors might become suspicious. It is fraudulent to spend money that you had no intention of paying back because you are filing bankruptcyand your creditors will come after you for the debts that are owed to them even after your bankruptcy is finished.

That doesn't mean that, when you are wondering when to file bankruptcy, you need to cross late December off your list but it does mean that you shouldn't spend money on your credit cards like it's money in your bank account. To truly get credit card debt help for 2010 from Chapter 7 bankruptcy, you should probably put away your credit cards and only spend what you've got.

So, how will you be able to afford Christmas this year? You can keep some of that money you would have spent by following a few holiday short cuts. First, don't get carried away with Christmas lights and the like. Buying four new plastic santas is often an unneeded expense and can be avoided by simply using last year's. Second, if you are traveling, try and find the last minute deals on flights or consider driving. Lastly, consider a gift exchange. If you've got 57 first cousins, buying gifts for all of them will certainly be a headache. Save the trouble and some cash by doing a "Secret Santa" exchange.

If you've followed the rules, you can start looking for debt relief as soon as you need it with Missouri or Illinois Chapter 7 bankruptcy. Where can you start looking? Look for a Missouri or Illinois bankruptcy lawyer who offers you free information before you even step foot in his or her office. The best bankruptcy attorneys in your area should have articles, blogs, and publications to offer you at no charge.

by: Jim Brown

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