Bankruptcy Myths

Call: 888-297-6203 Handling bankruptcy is difficult than you thought. With so many myths circulating about bankruptcy, it is difficult to sift fact from fiction. Lawyers of Dallas based bankruptcy law firm Recovery Law Group, help bust some of the most common myths associated with bankruptcy. # Myth 1 – Bankruptcy filing is public knowledge Though bankruptcy documents are public records, not everyone is aware of them. Unless one specifically searches for these records they cannot be found easily. You need a specific username and password to access the database containing public records of bankruptcy filers. Thus, your neighbors, [...]

Call: 888-297-6203 Bankruptcy despite being the best way to get rid of your debts, is often misunderstood by people. People fear that it might put them in a worse situation without realizing that being under a huge mountain of debt is the worst thing for people. Dallas based bankruptcy law firm Recovery Law Group discusses some of the myths associated with bankruptcy: Bankruptcy can damage your credit permanently Though bankruptcy does influence your credit report, it is not a permanent one. Compared to late payments and bad credit on your credit report, the effect of bankruptcy is minimal. [...]

Call: 888-297-6203 Most of the clients who have been struggling with dwindling fortunes contemplate bankruptcy but have their fears around the topic. Los Angeles based bankruptcy law firm https://recoverylawgroup.com/ lawyers say that most of these are mere misconceptions created to keep unaware and innocent people under continuous debt. Often people file for bankruptcy when they are left with no other option. It will be surprising to know that most of the myths are just misconceptions to scare people from filing for bankruptcy. Here are some of the common misconceptions regarding bankruptcy: Credit is ruined One of the most [...]

Call: 888-297-6203 Hiring an experienced bankruptcy attorney is extremely important when you decide on filing for bankruptcy. There are many myths associated with bankruptcy which claims that it is one of the most difficult legal proceedings, quite scary and a very difficult process to undergo. Hiring an experienced lawyer will help you get rid of all these myths and at the same time guide you very smoothly through the entire process. Experienced attorneys can guide you, calculate your possibilities on filing for bankruptcy, help you to ascertain whether this is really the right step for you and at [...]