Bankruptcy Myths
Experienced Chapter 7 and Chapter 13 Bankruptcy Lawyers
5 Unbelievable Bankruptcy Myths
- Filing for bankruptcy is expensive. When people file for bankruptcy, they will have to pay filing fees and also fees for credit counseling and debtor education. If they hired an attorney, they will have to pay their lawyer’s fees. While this may seem quite costly at first, it is actually very affordable. In fact, the average cost of filing for bankruptcy in the United States is $1,500, which is extremely reasonable.
I can stop paying child support after I file for bankruptcy. This belief is not true. After people file for bankruptcy, only certain debts are discharged and these debts do not include child support payments. People who file for bankruptcy will still be responsible for any child support they owe.
Bankruptcies stay on credit reports forever. This is completely false. A bankruptcy appears on a person’s credit report for 7 to 10 years. After that time period has passed, the bankruptcy is removed from the report and the person’s credit score will most likely increase.
Bankruptcy is very complicated. Yes, filing for bankruptcy can be frightening and confusing, but it does not have to be complicated. When people work with a bankruptcy attorney, like the attorneys at The Prescott Bankruptcy Law Firm they often find that the bankruptcy process is quite simple and uncomplicated.
Filing for bankruptcy is the best way to stop creditor harassment. If you are being harassed by your creditors, bankruptcy isn’t always the best way to stop this unlawful behavior. You have rights under the FDCPA that protect you from creditor harassment. This means you do not have to file for bankruptcy to stop creditors from calling you. Instead, you should work with a creditor harassment lawyer who can confront your creditors and put an immediate end to their inappropriate collection practices.
Prescott Bankruptcy Law Firm
The Prescott Bankruptcy Law Firm is ready to help those who wish to file for bankruptcy in Arizona. When clients choose to obtain the services of our upstanding law firm, they will be provided with reliable legal services from expert Prescott bankruptcy lawyers. Contact The Prescott Bankruptcy Law Firm to get out of debt today!
The Prescott Bankruptcy Law Firm helps people throughout Prescott, Arizona file for Chapter 7 and Chapter 13 Bankruptcy and also represents victims of creditor harassment.