Leading Bankruptcy Attorney Bryan Keenan Reveals Important Facts about Eliminating Credit Card Debt – Pittsburgh, PA

Top bankruptcy attorney Bryan P. Keenan, founder of Bryan P. Keenan & Associates in Pittsburg, PA, explains how it's possible to eliminate credit card debt with key insights. For more information please visit http://bryankeenanattorney.com

Pittsburgh, PA, United States - October 18, 2019 /MM-REB/ —

In a recent interview, leading bankruptcy attorney Bryan P. Keenan, founder of Bryan P. Keenan & Associates in Pittsburg, PA, revealed essential facts about eliminating credit card debt.

For more information please visit http://bryankeenanattorney.com/

When asked to comment, Keenan said, “Many Americans who are drowning in a sea of credit card debt don't have all the relevant facts before filing for bankruptcy. Here are three important pieces of information to know to ensure that the filing process goes as smoothly as possible."

The good news, Keenan pointed out, is that declaring Chapter 7 bankruptcy comes as a huge relief for anyone who has racked up credit card debt. After the filing date, he said, it’s illegal for credit card companies to collect on any past-due payments.

“When someone files for Chapter 7 bankruptcy, they are relieved of any unsecured debt, which includes credit cards, personal loans, and medical bills. Collection agencies that try to settle debts are in violation of the law and can be taken to the bankruptcy court.”

Avoiding fraudulent activity, according to Keenan, is one of the best ways to ensure a positive outcome when filing for bankruptcy.

When asked to elaborate, he commented, “In this context, fraudulent activity means using a credit card without the intention of paying it back. In other words, the bankruptcy court will view maxing out a credit card after you’ve met with a bankruptcy attorney as fraudulent. Doing this could severely hurt your chances of wiping your debt slate clean.”

Contrary to popular belief, many bankruptcy filers receive credit card offers after filing.

“This may come as a shock for many, but declaring bankruptcy can actually make filers more appealing to credit card companies. There are two reasons for this. First, clearing away debt improves your debt to income ratio, a factor that credit card companies take into consideration before sending out an offer.”

"And second, regulations that are in place require bankruptcy filers to wait eight years before declaring bankruptcy again. This rule acts as a guarantee to lenders, meaning that you'll have a better chance in qualifying for credit," he added.

Keenan added that while it’s possible for anyone who declared bankruptcy to rebuild their credit score through credit cards, they should practice caution.

“You wouldn’t want your credit score to take a nosedive by falling into more debt. Only use credit cards for the basics such as paying for utility bills or refilling the tank,” he said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Bryan Keenan
Email: Send Email
Organization: Bryan P. Keenan & Associates
Address: 993 Greentree Rd #101, Pittsburgh, PA 15220, USA
Phone: 412-922-5116
Website: http://bryankeenanattorney.com/

Source: MM-REB

Release ID: 88927505

More News From The Financial Capital

Riot police storm Hong Kong malls to nip more protests

Nov 12, 2019

HONG KONG — Riot police stormed several malls in Hong Kong on Sunday in a move to thwart more pro-democracy protests, as the city's leader heads to Beijing for talks on deepening economic integration between the semi-autonomous Chinese territory and mainland China. There were calls online urging protesters to gather in seven locations to sustain a push for political reform following a chaotic day of protests and clashes with police on Saturday, with the anti-government movement showing no signs of letting up after nearly five months. Most of the rallies didn't pan out Sunday as scores of riot police took...

China says US has 'weaponized' visas to target exchanges

Nov 12, 2019

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

Hong Kong police say homemade bomb targeted officers

Nov 12, 2019

HONG KONG — A homemade, remote-controlled bomb intended to "kill or to harm" riot control officers was detonated as they deployed against renewed violence in Hong Kong over the weekend, police said Monday, in a further escalation of destructive street battles gripping the business hub. The "loud thud" Sunday night close to riot officers who had been clearing away a protester-built road block marked the first known use of an explosive device during protests that started in June over a contested extradition bill and have snowballed into an anti-government, anti-police and anti-China movement. "It exploded less than 2 meters (yards)...

Asian stocks gain after US, China announce truce on tariffs

Nov 12, 2019

BEIJING — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump agreed Friday to put off planned tariff hikes this week on Chinese goods in a fight over Beijing's trade surplus and technology plans. In exchange, he said China would buy American farm goods. But the two sides reported no progress on basic disputes that sparked the 15-month-old fight that threatens global economic growth. Friday's truce "has simply temporarily halted the escalation...

China criticizes Apple for app that tracks Hong Kong police

Nov 12, 2019

HONG KONG — Apple became the latest company targeted for Chinese pressure over protests in Hong Kong after the ruling Communist Party's main newspaper criticized the tech giant Wednesday for a smartphone app that allows activists to report police movements. HKmap.live, designed by an outside supplier and available on Apple Inc.'s online store, "facilitates illegal behavior," the People's Daily said in a commentary. "Is Apple guiding Hong Kong thugs?" the newspaper said. Beijing has pressed companies including Hong Kong's Cathay Pacific Airways to take the government's side against the protests, which are in their fourth month. Apple didn't immediately respond...

Sign up now!

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.

Contact us: sales[at]thefinancialcapital.com