We are bankruptcy attorneys located in Middletown, Ohio, we specialize in Chapter 7 and Chapter 13 bankruptcy filings.
Job loss, divorce, a medical emergency or other catastrophic event can make it hard to keep on top of debt. Millions of people have used U.S. bankruptcy laws to get a fresh start. There are several myths about bankruptcy that just are not true.
BANKRUPTCY WILL RUIN MY CREDIT FOREVER
It is true that bankruptcy stays on your credit reports for up to 10 years, but once the slate is essentially clean after a successful bankruptcy filing, people can instantly start re-building their credit. In fact, many people even gain stronger credit scores after filing and their old debt is gone and they can start a fresh start. Think about it, your credit probably isn’t that great to begin with. Bankruptcy is designed to clear debt and give people a fresh financial start, once a bankruptcy is filed credit card and car company offers will replace the collection letters once received in your mailbox, so if additional credit is what you desire, you will be surprised at the amount of credit card offers you will receive after your bankruptcy filing. Creditors know that you cannot file again and that you are debt free, so they are wiling to extend credit to you once again.
I WILL BE LOOKED DOWN UPON
Everyday people just like you decide to file for bankruptcy. With the economy, bankruptcy does not hold that old stigma it may have a decade ago. Most of us are struggling with debt, and many have lost jobs, making bankruptcy more common than most realize. Your neighbor or best friend may have filed. Bankruptcy filings do not get published in your local newspaper it will not be common knowledge that you filed for protection. The only people who will know will be you and your attorney, there is no reason to tell others. Creditors will give you a second chance, the important thing will be to try to pay anything you keep on time and try not to have any debts go into collection. Bankruptcy has helped millions of Americans get out of debt and can help you to.
BANKRUPTCY IS EXPENSIVE
Many people believe that bankruptcy will be too expensive for them to file. Bankruptcy is not free of course, but the fee is small compared to the amount of debt you will be discharging. We offer a free consultation, where you will be able to sit down with an experienced attorney and discuss your situation. The attorney will go over all of your options and quote you a fee. If you decide to move forward a small retainer will get things started and then you can make monthly payments on your case. Your monthly payment can be what you can afford, we just wont file your case until your fees are paid in full.
Fore more information check out our website at www.middletown-bankruptcy.com.
Call today for your free bankruptcy consultation at our Middletown, Ohio Bankruptcy firm.