Bankruptcy Myths

Posted By David Pritchard || 08/27/2020

Over the years, I have learned that there is a lot of misinformation circulating about bankruptcy. Much of the information is good and gives fair description of how a bankruptcy filing may impact you. However, there is a lot of misinformation or simply untrue information about bankruptcy.  If the next several blogs, I will deal with a number of these myths people may read about filing bankruptcy.

Bankruptcy Myth 1: Bankruptcy Doesn’t Really Get Rid Of Debt.  Sooner Or Later, You Still Have To Pay It All Back. Right?

FACT: Bankruptcy lets you get rid of certain debts without paying for themwithout EVER having to pay for them.   When bankruptcy gets rid of debts…those debts are gone…FOREVER.  Getting rid of certain debts without you having to pay them back is simply how bankruptcy works.

To learn more about your options please contact The Pritchard Law Firm at (817) 285-8017 to set a free appointment to learn which option is best in your circumstance.  Do not spend another sleepless night worrying about what you are going to do, contact The Pritchard Law Firm today and sleep better tonight.

David Pritchard
The Pritchard Law Firm

Categories: Bankruptcy , Budgeting Tips , Debt

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