I charged airline tickets on my credit card, however I had to default the following month due to overwhelming credit card debt

I am using the airline tickets for a possible job interview in another country. Can the card company reverse my charge on the airline ticket ? I purchased the ticket in April and did not pay the May payment on the credit card

What can the credit card company do ?

We have been using our savings to pay credit card debts for 3 years and we can’t afford to do that anymore.

I am over 65 and lost my job 3 years ago and desperately trying to get cash flow just to live. My wife is permanently disabled. I’ve tried to get a job and know my age is a problem.

We also charged our Real Estate taxes last month on the same card, we just don’t have the money. We have had this credit card since 1991 and never missed a payment or been late . We don’t want to go Bankrupt.

A: They do not reverse charges for defaulting on a credit card. Bankruptcy should never be a desirable or an ideal option. However, there is a difference between wants and needs. You may not want to file for bankruptcy but you may need to file for bankruptcy. If you have mounting debt and an inability to pay that debt for the foreseeable future, bankruptcy may be your only prudent option. You should consult a Debt Counselor or an experienced bankruptcy attorney to help you review your options. A good Glendale bankruptcy attorney should lay out bankruptcy AND non-bankruptcy options for you and recommend which option is right for your particular case.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by Parker Evan Bornmann, Glendale AZ Bankruptcy Lawyer.
Re-Posted from AVVO Legal Questions and Answers.