Don’t Let Misconceptions About Bankruptcy Stop You From Using It

If you have serious financial problems, there is a very good chance that bankruptcy could be your best solution. But many people are afraid to file bankruptcy because they think it would ruin their credit or that it’s just for deadbeats. These myths are simply not true.

If you are in serious financial trouble, your credit is the least of your worries. Losing your home or car, or having your wages garnished or money taken out of your bank account are obviously much worse than having bad credit. But you could prevent those things from happening by filing bankruptcy if it is the right solution for you.  You could still have a good credit score, and you may even be able to buy a house, within 2-4 years after filing bankruptcy.

As to bankruptcy being just for deadbeats, nothing could be further from the truth. Bankruptcy is a Constitutional right in the United States. While the banks to whom you owe the money will try to convince you that you are morally obligated to pay them no matter what, don’t let them talk you into ruining your life in order to keep them rich!

Many famous and successful people, like Walt Disney, Donald Trump, Michael Jackson, Willie Nelson and Mark Twain have filed bankruptcy. These people realized that bankruptcy was a legitimate financial tool, not something to be ashamed of, and they were not afraid to use that tool when they needed it.

So as you can see, concerns about your credit should not stop you from seeing if bankruptcy is the right solution for you. If you are having a hard time paying your bills and/or facing foreclosure or repossession, contact a bankruptcy attorney now for a free consultation. Don’t let the banks convince you not to use this constitutionally protected and perfectly legitimate financial tool!