There are a lot of myths and stories floating around about bankruptcy. It is true, filing bankruptcy takes time and work, but many of these stories are inaccurate. You can learn the truth at O. Miller White Law Offices which will dispel many of the major myths surrounding Chapter 7 bankruptcy.
Myth 1: Paying Off My Debts Is Better
Simply being free of the pressure from bill collectors and being able to start fresh with your finances is very valuable to many folks just like you. There is a good way to gauge whether bankruptcy is a very good option for you. How much are you paying monthly in minimum payments on your credit cards? How many years will it take to pay off all your credit cards, then figure out how much more you will be paying the banks ABOVE WHAT YOU CHARGED? If you will be paying back two or 3 times your original debt, call our law firm for a FREE CONSULTATION.
Myth 2: My Financial Future Is Ruined
While filing for bankruptcy will affect your credit score for a while, but do you know that it MAY ACTUALLY GO UP? It is very likely that within six to eight months of filing bankruptcy your credit will be able to re-bounce significantly.
Don’t let untrue myths keep you from the financial freedom you deserve. For more information about the myths and facts surrounding bankruptcy, click here.