Written by Craig D. Robins, Esq.

In Taipei, some students, complaining that many consumers have become “credit card slaves,” took part in a demonstration calling for the government to pass a law to help people with their bank debt. The group claims there are more than 600,000 credit cards slaves in Taiwan who suffer from extremely high credit card interest rates and high monthly payments. Long Islanders are not the only ones who are seeking debt relief solutions to eliminate credit card debt.  Many foreign countries have bankruptcy laws that enable consumers to discharge credit card debts in bankruptcy.

More from Long Island Bankruptcy Law Firm Blog

• Universal Credit Card Default Affects Many Long Island Consumers
• Many high-income families on Long Island can eliminate credit card debt in Chapter 7 bankruptcy by passing the means test
• More people are filing bankruptcy on Long Island to eliminate credit card debts

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