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I have several credit card debts which I’m unable to pay because of my unemployment. That’s why I have decided to file Chapter-7 bankruptcy. Can you tell me after filing bankruptcy shall I still be responsible to repay the debts in full?
Shall I still be responsible? Posted on 13 Nov 2012 06:
No you need not to pay them anything after filing bankruptcy. But it’s true that bankruptcy will ruin your credit score. So I think it would be better for you to go for credit card consolidation to replace your multiple bills into a single monthly payment. It will also lower your interest rate.