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On the credit card debt trap, and how to escape it

What would you do if you were suddenly laid off from your job? What if the job search that followed took months to finally yield a new job? Or how about if you suffered a major medical emergency? How would you cope with the immense medical bills coupled with a sudden loss of income due to your inability (or reduced capacity) to work?

Maybe you have some backup plans in place or savings that you can tap into that will get you by during these trying times. While this is the best case scenario, there are so many people out there who simply can't do this -- and so they turn to their credit card to help them get by. In the short term, this may seem to do the trick. However, it is in the long run where this strategy comes back and bites people.

The credit card debt mounts to an untenable level, and the interest related to that debt simply becomes to much to handle. Many people choose to file for bankruptcy when the breaking point is reached, and though everyone should think long and hard before deciding to go with bankruptcy, it really can be helpful for those dealing with credit card debt. Credit card debt is unsecured debt, which means that it can be "discharged" (or eliminated) through the bankruptcy process.

Filing for bankruptcy may intimidate people, as they may not know the steps necessary to complete a filing. Don't worry -- here at The Huggins Law Firm, we will work with you every step of the way to ensure that your bankruptcy filing is completed properly. If issues arise, we will support you so that you can get past these financial troubles and move on with your life.

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The Huggins Law Firm, PA

Columbia Office
1812 Lincoln Street
Suite 201
Columbia, SC 29201

Phone: 803-764-1558
Fax: 803-764-1563
Columbia Bankruptcy Office

Columbia Office

Charleston Office
925-D Wappoo Road
Charleston, SC 29407

Phone: 843-509-0039
Fax: 866-481-2325
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