Top Four Common Bankruptcy Myths
There is a lot of misinformation out there about bankruptcy. Unfortunately, this misinformation prevents a lot of people from using bankruptcy to get the fresh start that it can provide.
At the Law Office of Patrick M. Noe, Jr., we are committed to educating people about the falseness of these myths. With our lawyer on your side, you will have the facts you need to make an informed decision.
First of all, we would like to eliminate the top four bankruptcy myths:
Bankruptcy is Bad
Wrong. Debt is bad. Having to spend every day worrying about how bills are going to be paid is bad. Bankruptcy is a legal option available for all honest Americans. The right to file bankruptcy is discussed in both the Bible and the U.S. Constitution.
While some people believe bankruptcy to be a negative thing, it simply is not. It is a path to a fresh start by allowing you to discharge debt.
Bankruptcy is for People who Have Done Something Wrong
Even though financial mistakes are easy to make, they are not usually the sole basis for filing bankruptcy.
The reality is that many people who file for bankruptcy have not made any mistakes. Life has simply thrown them a curve ball, such as an unexpected medical condition, a divorce, a loss of a job or something else along those lines.
Bankruptcy Will Cause Me to Lose all My Property
Bankruptcy is intended to be a solution, not a problem. While you may have to get rid of some property in order to resolve your debt, it really depends on your situation.
Many people are able to keep their home, their car and other important property. Your attorney can help you determine which bankruptcy option will help you achieve your goals.
Bankruptcy Will Ruin My Credit Score
This is a common bankruptcy myth. If you are considering bankruptcy, your credit score is already seriously damaged. In fact, bankruptcy is the first step in improving your credit score. By carefully managing your credit moving forward, you will see your score start to improve.
From our office in Amherst, the Law Office of Patrick M. Noe, Jr. eliminates bankruptcy myths for people in Buffalo and throughout Western and Upstate New York.
To get the aggressive, professional and effective help you need to resolve your New York debt relief case, contact the Law Office of Patrick M. Noe, Jr. in Amherst. We have successfully handled numerous cases for our clients — we can help you.
Call us toll free at 1-866-745-5168 or send us an e-mail for a free initial consultation.
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