• Congress took away bankruptcy. Congress changed the Bankruptcy Code in 2005 to fight fraud. For honest debtors, Chapter 7 and Chapter 13 are still available. In fact, more than 1 million bankruptcies were filed in 2009.
• I will lose everything. Most people are able to keep their home, vehicles, retirement savings and personal possessions. Even nonexempt property can usually be retained in a Chapter 13.
• My credit will be ruined. Your credit score is probably poor right now. Bankruptcy is an opportunity to start fresh and build good credit in a few short years.
• Everyone will know. Bankruptcy records are public, but not generally published in newspapers. It’s unlikely anyone will find out. Even if they do, there’s no shame in it. A Chapter 13 can allow you to pay what you can afford.
• Bankruptcy is a failure. Many famous Americans and millions of fellow citizens have filed bankruptcy and gone on to lead happy lives and achieve great things. Bankruptcy was intentionally created to give good people a second chance. Bankruptcy is provided for in the United States Constitution. Bankruptcy has been part of our country from the very beginning.

Speak To A Bankruptcy Lawyer Concerning Your Circumstances

Don’t let myths about bankruptcy or creditors’ threats prevent you from doing what’s best for you and your family. Get the facts from a law firm that has practiced in bankruptcy for over 50 years. 

To schedule a free consultation, please call Hedtke Law Firm today at our Upland office at: 909 579-2233 or Chino office: 909 457 0183 or Moreno Valley office at: 951 746 1722.