Don’t Fall for These 3 Bankruptcy Myths
No matter what area of law you are dealing with, if you have the wrong information or believe a myth or misconception, it can hinder your ability to effectively manage the situation and protect your rights. This is especially true when dealing with bankruptcy. Financial troubles can drastically affect every aspect of your life, but bankruptcy can help you emerge from these troubles and regain control over your finances. Unfortunately, there are many bankruptcy misconceptions that may prevent you from filing for bankruptcy or cause you to make a mistake when filing.
If you or someone you know is facing financial difficulties, you need a bankruptcy professional on your side to help you get a fresh financial start. Contact the West Palm Beach bankruptcy lawyers of Eric N. Klein & Associates, P.A., today at 561-353-2800 and schedule an initial consultation with our dedicated attorneys.
Bankruptcy Myths Debunked
If you are experiencing financial troubles, make sure you speak with a qualified legal professional so you don’t fall for any common bankruptcy myths. Some of the most widely-held bankruptcy myths we’ve heard include the following:
- MYTH: If I file for bankruptcy, I get a new start with my credit history.
- Fact: Bankruptcy isn’t exactly a “get out of jail free” card. It puts a negative mark on your credit score but it gets you out of debt so you can work to rebuild your credit score in the future.
- MYTH: I can discharge all of my debts when I file for bankruptcy.
- Fact: Not true. There are some debts that bankruptcy will erase but there are also some non-dischargeable debts like child custody and most student loans that you will have to repay.
- MYTH: I can file for bankruptcy as often as I want.
- Fact: This is partially true. You can file as many times as you want, but you have to wait the appropriate amount of time in-between filings.
Contact Us
If you are looking to overcome your debt and take control of your financial future, bankruptcy may be the best option for you. Contact the West Palm Beach bankruptcy lawyers of Eric N. Klein & Associates, P.A., today at 561-353-2800 to learn more about how our experienced attorneys can help.
