Do you feel you should be able to file bankruptcy on Credit Card Debt?

are you one of the millions in the world who have filed bankruptcy because of over spending? bad money management? It seems legit enough for a business to go bankrupt, but an individual who has just been on one too many shopping spres? I dont really agree. This stems from a particular person that I know who has filed 2 times. Not only was she unable to control her spending one time, she failed 2 times, and still gets offers for new credit cards within months of filing. Now, if you have filed once and have shown that you cannot support the line of credit that was given to you then why would companies offer you more lines of credit? I cant get any type of credit due to late fed student loan payments. Im in default, and they dont budge! But yet, get a few credit cards for personal spending and hey if you cant pay for it, file bankruptcy and we will give you more credit you cant afford! I cant file bankruptcy on the student loan, and because Im behind it will stay on my credit report until

No I donot feel that this is a viable alternative for those of us that cannot control our spending.

If it was up to me, credit cards would either be eliminated altogether or they would have to be "prepaid" - deposit $$$$ to account and then get credit card - which would eliminate the huge debt that americans are building up.

People refinance their homes to buy expensive SUV's, payoff credit card debt, buy boats, etc.

When the crunch comes and banks start calling in those (unsecured) loans, a lot of people will go from rich to poor.

The only way to handle credit cards is to pay them off monthly and do not spend over your budget. That way you get a free loan for 30 or so days. If credit card companies strat charging interest from the tiome of purchase, I will stop using them and pay cash.

dont hate the player - hate the game
You said it yourself the credit card companies keep giving her cards - Who is really to blame?

i agree with you with folks filing for bankruptcy for overspending living the lifestyle. I think bankruptcy is for hardship, sudden illness, death, layoffs ect. Not just going out and spend, spend and spend then go bankrupt. i am glad that laws got tighter! Yeah sometimes good people become late or have high balances to credit limit have the same scores as someone that went bankrupt a few years ago.. its BULL. hang in there bud, you will get that pd off and you will be fine. seems like you have good karma!

Check this altenative

http://www.debtfreeafterall.com