When researching legal advice there are many bankruptcy myths you will come across. Here are the most common misconceptions regarding bankruptcy.
Myth 1: Only Irresponsible People File for Bankruptcy.
FALSE. There are all sort of reasons ordinary hard working Americans consider bankruptcy
Buying a car right before filing for Bankruptcy.
You should not purchase a vehicle before you file for bankruptcy. Depending of the circumstances, buying a car may cause issues in your bankruptcy. A good bankruptcy attorney will be able to
The good news is there is life after bankruptcy! Although filing a bankruptcy, either Chapter 7 or Chapter 13, will have a negative initial impact on your credit score, filing a bankruptcy case does not mean that you will never
When doing research about different bankruptcy chapters and options available for Georgia residents, this is what you typically find:
Chapter 7 - Liquidation under the Bankruptcy Code. Your assets are not protected and your unsecured debt is wiped out.
Chapter 13 -
Arming yourself with bankruptcy information can help reduce the stress of your situation. These articles written by the Lawyers at Khoshnood Law Firm can help explain in detail issues such as wage garnishment, taxes, foreclosure and other bankruptcy issues.
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