Often one of the hardest parts about bankruptcy is dealing with the inaccurate myths about bankruptcy.
In an effort to dispel some of the myths we have assembled a list of myths followed by the facts.
Although we have covered many of the myths there is a lot of misinformation about bankruptcy. As a result we encourage anyone experiencing financial difficulties to call for a free consultation to get the facts.
There is no substitute for the information received at a free consultation.
Now let’s dispel some bankruptcy myths
The myths and facts listed below are a sample of questions commonly asked about Bankruptcy. If you have questions not listed below please contact Allan Marshall & Associates Inc please “Ask a Question”. We Can Help!
Myth: An individual filing for bankruptcy will lose everything.
Myth: Bankruptcy lasts for 7 years and you can’t get credit for that time.
Myth: Student loans cannot be released by bankruptcy.
Myth: Tax debt is not released through Bankruptcy.
Myth: If a husband or wife file for bankruptcy or a proposal their spouse also has to file
Myth: If my spouse and/or I file for bankruptcy, the bank will take our house
Myth: Only bad or irresponsible people file for bankruptcy.
Myth: All bankruptcies are published in the paper.
There are a lot of myths about bankruptcy and proposals. If you have questions or concerns please get the facts before making a decision. Don’t allow yourself to make a poor decision based on inaccurate information. If you have questions or concerns about the information you’ve heard please contact Allan Marshall & Associates Inc to get the facts.