Making the decision to file for bankruptcy can be a stressful, emotional choice. Clearing up some bankruptcy myths should help ease the process. If you are experiencing financial hardship, you need an experienced law firm to assist you. Berry & Associates can answer your bankruptcy questions, provide facts to help you overcome your financial hardship, and help you to calm your fears.
I will lose everything.
This is not true. Bankruptcy laws are designed to protect you from losing all of your property. There are exceptions to the bankruptcy laws that protect certain types of property, for example your house, car, household goods, clothing, and some retirement funds.
I will never get credit again because my credit score will be bad.
This is not true. Filing for bankruptcy allows you to start fresh with a new, clean slate. Even after you have filed for bankruptcy, you may still get credit offers from various companies.
Even if I file for bankruptcy, creditors will continue to harass me.
This is not true. The moment you file for bankruptcy, the court issues an order called an automatic stay. This automatic stay requires all of your creditors to stop collection actions against you immediately. That means no more phone calls, no more collection threats, and no more harassment by creditors.
I cannot file for bankruptcy if I have a job.
This is not true. Your job status is only one of several factors that Berry & Associates will review to determine if bankruptcy is the right decision for you.
My spouse is required to file bankruptcy with me.
This is not true. However, if you have debts for which you and your spouse are both liable, then you both should file bankruptcy together. Berry & Associates can determine the best course of action for your circumstances.
Filing bankruptcy is hard.
This is not true. However, it is not advisable to go through bankruptcy proceedings without an attorney. Berry & Associates can determine what the best course is for your financial situation. We can help you through every step of the process, including helping you repair your credit after your bankruptcy.