Bankruptcy Myth 6: Filing Bankruptcy Means You’re a Bad Person

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. The next several blogs will deal with a number of these myths people may read about filing bankruptcy.

Bankruptcy Myth 6: Filing Bankruptcy Means You’re a Bad Person.

FACT: Filing bankruptcy means you’re a good person, acting responsibly. Everyone wants to pay their bills. Everyone. And everyone wants to take care of their family and provide their family with all the things they need. Putting our family first and making the changes necessary to make sure we have a roof over our head, food on the table, and warm clothes to wear is the most responsible thing we can do.

You need to get over blaming yourself. Most of the people who file bankruptcy are good, honest, hard-working people, just like you and me, who file as a last resort after months or years of struggling to pay the bills. You’re completely wrong in thinking that you’re a deadbeat if you file bankruptcy. Filing bankruptcy is actually one of the most positive, responsible, honorable, and noble steps you can take on behalf of your family and your family’s future, happiness, and prosperity.

Bankruptcy Myth 5: You Will Never Get Credit Again

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, will deal with a number of these myths people may read about filing bankruptcy.

Bankruptcy Myth 5: You Will Never Get Credit Again.

FACT: FILING BANKRUPTCY MAY BE THE BEST THING THAT EVER HAPPENS TO YOUR CREDIT. Filing bankruptcy gets rid of debts you can’t afford. Besides, having less debt to pay after a bankruptcy makes you look more attractive to banks, credit card companies, and other lenders. In my experience, unfortunately, it won’t be long before you’re getting credit card offers again.

Bankruptcy Myth 4: You Will Never Be Able To Own Anything Again

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 4: You Will Never Be Able To Own Anything Again.

FACT: This is completely false. There are no laws prohibiting you from buying homes, cars, trucks, equipment, household goods, et cetera. Once you get what is called your ‘discharge in bankruptcy,’ many people, within 2 years after their bankruptcy case closes, have new cars, have bought houses, and have excellent credit.

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
david@dlplegal.com

Bankruptcy Myth 3: You Will Lose Everything You Have

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 3: You Will Lose Everything You Have.

FACT: Most chapter 7 filers don’t lose anything. In a chapter 13 we can catch up missed house and car payments over 60 months so you can keep your house and car. In every bankruptcy case, there are certain laws that allow you to keep the property you own. Very rarely does anyone lose property if their bankruptcy is prepared correctly.

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.

Bankruptcy Myth 2: Everyone Will Know You Have Filed For Bankruptcy

FACT: Unless you’re famous, chances are very good that the only people who will know about a filing are your creditors and the people you tell. While it’s true that your bankruptcy is a matter of public record, unless someone is specifically trying to track down information on you, there is almost no chance that anyone will even know you filed.

To access the bankruptcy records you have to have access to the court records. To have access to these records, you must sign up and pay a fee to inspect the records.  So, your noisy neighbor is very unlikely to have the needed access.

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.

Bankruptcy Myths

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.