What Have You Heard About Bankruptcy?
After the bankruptcy law changed in 2005, many people who could have filed bankruptcy did not. These people bought into the myth that bankruptcy was no longer an option. Thanks to frequent news reports on this topic, the myth is beginning to be dispelled. Most people now understand that bankruptcy is still a debt relief option. However, there are still some myths that persist. At the Arizona Law Group of Trezza & Associates, we are dedicated to dispelling all myths about bankruptcy. As Arizona bankruptcy lawyers we represent clients from Mesa, Tempe, Tucson and throughout the surrounding region.
Have you heard something about bankruptcy that has made you have second thoughts about filing? Ask an experienced attorney for the truth about bankruptcy. Contact us for a consultation with attorney Stephen Trezza.
Common Bankruptcy Myths
There are still some people who believe that bankruptcy is not an option because of the changes in the law. In reality, the vast majority of people who are in such financial turmoil that they are considering bankruptcy qualify, if not for Chapter 7 bankruptcy, then for Chapter 13 bankruptcy. We will be able to quickly determine whether you are eligible.
The two most persistent myths are that you will have to give up all of your property and that you will never be able to buy anything on credit again. Both of these are false. With few exceptions, even filers of Chapter 7 bankruptcy tend to keep all of their property. If you are considering bankruptcy, your credit has probably been severely damaged. You might not be able to buy anything on credit now, but bankruptcy is the first step to rebuilding your credit.
For more information, we have provided a bankruptcy FAQs section for you to review.
Contact Us to Learn More About Arizona Bankruptcy Myths
Every case is different, so it is important to discuss your situation with a Tucson bankruptcy lawyer before making a decision. Contact us to discuss your options.
