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Top 15 Bankruptcy Myths

Myth 1:
Everyone will know you have filed for bankruptcy.
Myth 2:
You will lose everything you have.
Myth 3:
You will never be able to own anything again.
Myth 4:
You will never get credit again.
Myth 5:
Filing bankruptcy will hurt your credit for 10 years.
Myth 6:
If you're married...both you and your spouse have to file for bankruptcy.
Myth 7:
It's really hard to file for bankruptcy.
Myth 8:
Only deadbeats file for bankruptcy.
Myth 9:
Filing bankruptcy means you're a bad person.
Myth 10:
Filing for bankruptcy will hurt your credit.
Myth 11:
Even if you file for bankruptcy, creditors will still harass you and your family.
Myth 12:
If you file for bankruptcy, it may cause more family troubles and may even lead to divorce.
Myth 13:
You can't get rid of back taxes through bankruptcy.
Myth 14:
You can only file once for bankruptcy protection.
Myth 15:
You can pick and choose which debts and property to list in your bankruptcy.
 

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  • Formulated initial draft of Local Rules for Compensation of Attorney in Chapter 13 Case for the Eastern District of North Carolina
  • We Have Helped Over 30,000 Families
‹ What can bankruptcy do for you? up Because Here Is What You Get ›

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  • What can bankruptcy do for you?
  • Why choose Law Offices of John T. Orcutt?
    • Because Here Is What You Get
    • If You Need Help With Something....You Call A Professional
    • The Law Offices of Law Offices of John T. Orcutt because...
    • Formulated initial draft of Local Rules for Compensation of Attorney in Chapter 13 Case for the Eastern District of North Carolina
    • We Have Helped Over 30,000 Families
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