Myths About Bankruptcy Law
Myth: You cannot stop a foreclosure even if you file for bankruptcy.
Truth: Bankruptcy filings can put an immediate halt to foreclosure proceedings, so you have time to think about your options.
Myth: You cannot address delinquent taxes in a Bankruptcy.
Truth: Consumers can still file Chapter 7 and Chapter 13 bankruptcy petitions to address all tax issues as well as credit card debt, medical bills, foreclosure and car repossession.
Myth: Medical and credit card bills cannot be discharged.
Truth: A bankruptcy filing can help you address debt from medical bills and credit cards.
Myth: You will have to relinquish your personal vehicles when filing for bankruptcy.
Truth: Your debt relief plan can protect your essential assets such as motor vehicles.
Myth: Bankruptcy cannot assist individuals with student loan debt.
Truth: A recent trend in Bankruptcy Case Law allows individuals with student loan debt to restructure, negotiate, and discharge student loan debt.
Contact Bankruptcy Attorney Chris Bush in San Diego and Mission Valley
At best, myths such as these are inaccurate statements of the law. At worst, they intimidate consumers who could significantly improve their lives through bankruptcy protection.
If you have questions about bankruptcy, contact San Diego bankruptcy lawyer Chris Bush at (619)295-3322.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.