Bankruptcy is a legal process that can help people who are struggling with debt get a fresh start. However, there are many myths about bankruptcy that can prevent people from seeking the help they need. Here are some of the most common bankruptcy myths:

Myth #1: Bankruptcy is for deadbeats.

This is simply not true. Bankruptcy is a legal option that is available to people of all financial backgrounds. In fact, many people who file for bankruptcy are hard-working people who have simply fallen on hard times.

Myth #2: Filing for bankruptcy will ruin your credit.

Typically not true.  Most of my clients already have bad credit when we file, and the bankruptcy actually improves their scores.  If you have a score under 600, your credit score will intantly improve after filing bankruptcy. 

Myth #3: You will lose everything if you file for bankruptcy.

This is also not true. In most cases, you will be able to keep your home, car, and other essential assets. However, if you own certain luxury assets, they may be sold to pay off a portion of your debts.

Myth #4: Once you file for bankruptcy, you will never be able to get credit again.

This is not true. After you file for bankruptcy, you will be able to get credit almost instantly.  Many filers are able to get car loans one day after filing!

Myth #5: Filing for bankruptcy is a complicated process.

While filing for bankruptcy can be a complex process, it is important to remember that you do not have to go through it alone. An experienced bankruptcy attorney can help you understand your options and file for bankruptcy in the right way.

If you are struggling with debt, do not let these myths prevent you from seeking help. Bankruptcy can be a valuable tool for people who are trying to get their financial lives back on track. Contact an experienced bankruptcy attorney today to learn more about your options.

Don't give up!!. Bankruptcy can be a difficult process, but it can also be a fresh start. Don't give up on your financial future.