Credit card debt is one of the main reasons people file for bankruptcy. With many struggling during the economic downturn, more and more people are relying on credit cards to get by. Fortunately, credit card debt is one type of debt that is usually discharged in bankruptcy, meaning it's erased once your bankruptcy is complete.
However, there are downsides to filing for bankruptcy to get rid of your credit card debt. Below, we've included a few things to keep in mind if you're considering filing for bankruptcy to wipe out your credit card debt.