Top 10 Bankruptcy Myths
Here are the Top 10 Bankruptcy Myths:
- I will lose my car / my home / my personal items
- I will not have credit for 10 years
- I have to go to Court to file Bankruptcy
- Creditors will arrest me
- I am not allowed to have a bank account
- Your Spouse/Partner needs to file bankruptcy also
- Credit Consolidation is better than Bankruptcy
- Bankruptcy will affect my child’s education
- It is harder to declare Bankruptcy now
- I am the only one filing for Bankruptcy
Truth: In most cases you will keep your car / home / and personal items.
Truth: Often in about 6 months you will have begun rebuilding your credit.
Truth: Normally you only attend a 5 minute meeting, much like an MVA appointment.
Truth: Creditors cannot arrest you – and Bankruptcy will protect you.
Truth: You are allowed to have as many bank accounts as you like.
Truth: You can file individually and erase individual debts.
Truth: Bankruptcy is faster, cheaper, and more effective than Credit Consolidation.
Truth: Your Bankruptcy has nothing to do with your child’s education.
Truth: Though there are more forms, we take care of all of the work.
Truth: Last year over 1 Million Americans filed for bankruptcy.
Contact us today at (301) 933-2595 for a Free Consultation or fill out the Consultation Request Form