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Baran Bulkat
J.D., California Western School of Law
Baran Bulkat is a former consumer bankruptcy attorney with extensive experience in Chapter 7 and Chapter 13 bankruptcy filings as well as debt settlement. He has authored numerous bankruptcy and debt management articles on Nolo.com as well as other Nolo sites. He has also updated a previous edition of Nolo's book, How to File for Chapter 7 Bankruptcy.
In addition to his bankruptcy experience, Baran also worked as an analyst and compliance manager for a large financial planning firm where he obtained his Series 7, 24, and 66 securities licenses.
Baran received his undergraduate degree in business management from Georgia Tech and his law degree from California Western School of Law.
If you’re struggling to pay off multiple credit cards, consolidating your debt could allow you to reduce your interest rate and lower your monthly payments. But consolidating debt isn’t always the best option.
Most states (called common law states) use common law rules when determining who is liable for a particular debt in a marriage. In common law states, you are usually only liable for credit card debt if the obligation is in your name.
If you fail to make payments on your credit card, the credit card company may declare your debt uncollectable. This is referred to as a credit card debt write-off (also called a credit card charge-off).
The cost of hiring an attorney to negotiate with your creditors can vary significantly depending on your circumstances. In most cases, how much a lawyer will charge depends on: