What You Don't Know About Bankruptcy But Thought You Did!
These days a lot of people know a little bit about bankruptcy. Sometimes because they went through a case, or they knew someone who did. More often its because they heard from a friend who heard from a friend who said.. . You get the idea. Like most rumors, most of this information is wrong and some of it is dangerously wrong. Over the years we have accumulated the most common misconceptions and tried to address them here.
Please remember that this information is general and not intended to address your specific situation.
Please remember that this information is general and not intended to address your specific situation.
Click the links below for helpful information.
"I Heard That ... I Won' t Get Credit for 10 Years."
"I Heard That ... I'll Lose All My Property."
"I Heard That ... I Could Keep All My Property and Wipe Out the Debt on It."
"I Heard That ... I Don' t Have to File Against All My Debts Or List All My Property."
"I Heard That ... I Can Give Away My Stuff So I Don' t Lose It to My Creditors."
"I Heard That ... I Can' t Do Anything with Taxes or Student Loans."
"I Heard That ... I Can Get Rid of Child Support."
"I Heard That ... I Could Max-Out My Credit Cards Before Filing Bankruptcy."
"I Heard That ... I Won' t Qualify for Student Loans, Jobs, or Apartment Leases."
"I Heard That ... A Foreclosure or a Repossession Will Ruin My Credit Forever."
"I Heard That ... A Counseling Program is Better than Bankruptcy for my Credit."
"I Heard That ... Every Lawyer is the Same. I Just Need the Best Price."
"I Heard That ... I Won' t Get Credit for 10 Years."
"I Heard That ... I'll Lose All My Property."
"I Heard That ... I Could Keep All My Property and Wipe Out the Debt on It."
"I Heard That ... I Don' t Have to File Against All My Debts Or List All My Property."
"I Heard That ... I Can Give Away My Stuff So I Don' t Lose It to My Creditors."
"I Heard That ... I Can' t Do Anything with Taxes or Student Loans."
"I Heard That ... I Can Get Rid of Child Support."
"I Heard That ... I Could Max-Out My Credit Cards Before Filing Bankruptcy."
"I Heard That ... I Won' t Qualify for Student Loans, Jobs, or Apartment Leases."
"I Heard That ... A Foreclosure or a Repossession Will Ruin My Credit Forever."
"I Heard That ... A Counseling Program is Better than Bankruptcy for my Credit."
"I Heard That ... Every Lawyer is the Same. I Just Need the Best Price."
3/08
