Dispelling Bankruptcy Myths And Misconceptions
There is a wealth of bad information about bankruptcy that you may have already encountered. You may have heard horror stories from family or friends or read them online. Most of what you will see or hear is simply not true; the only way to get accurate information about bankruptcy is to speak with an experienced bankruptcy attorney. At Robinson Salyers, PLLC, in Shelbyville and Frankfort, Kentucky, John Christopher Robinson is a bankruptcy lawyer who works closely with clients to help them separate bankruptcy myth from fact.
Common myths and misconceptions about bankruptcy include:
- That you will lose your job
- That you will never be able to own a home
- That you will never qualify for credit again
- That you will have to go before a judge in formal proceeding
- That it is too expensive or that you have to have a large amount of money to start the case
- That it will be in the newspaper
- That you are a failure
Facts About Filing Bankruptcy
You may see the above messages everywhere, but they are not true. After bankruptcy, you can rebuild your credit and work toward the goal of buying a new home. Moreover, many people have been in your shoes. Filing for a bankruptcy is not a reflection of how responsible or successful you are; it simply means you have fallen behind and need to start over.