Most people have at least some wrong information about bankruptcy. Irrational fears hold people back from utilizing this helpful process. I hope that by dispelling some of these widely held myths, I can help you to determine whether bankruptcy is the right course for you. My initial phone consultation is free. You owe it to yourself to call.

Will I lose all my property?
Because of several exemptions built into the bankruptcy law, most people who file for bankruptcy protection do not lose any property at all. Those with substantial property can usually keep their property if they agree to pay back some or all of their debt.

Will I be able to ever get credit again?
It is possible to rebuild your credit within months of filing bankruptcy. In many cases, clients report having an easier time obtaining credit after the bankruptcy freed them from so much debt.

Will I lose my retirement account?
These assets are generally exempt. In almost all cases, you can keep your pension, IRA, and 401(k) in bankruptcy.

Will I lose my job?
Generally, employers will not find out about the bankruptcy, unless you choose to tell them. Either way, employers are not allowed to fire someone (or take other adverse action) for filing bankruptcy.

Will my bankruptcy damage my spouse's credit?
When one spouse files for bankruptcy protection, his or her spouse's credit is generally not affected.

Will bankruptcy help if I owe taxes?
While it is true that some taxes will not be discharged, others can be. There are many rules which an attorney can explain to you.