Let’s Shoot Down Some Common Bankruptcy Myths
Where do Bankruptcy Myths Come From?
Over the last 10 years of working as an Orlando bankruptcy lawyer one thing has remained stubbornly consistent, that is, the myths that clients bring to my office regarding filing for bankruptcy. These myths have several different sources. Usually, a client has heard horror stories, whether real or imagined, from friends, family members, or co-workers.
Another great source for misinformation are your creditors. Many creditors famously advised their customers that filing bankruptcy was no longer an option after the law change in 2005. I have a couple of thousand clients who have filed bankruptcy since 2005 that would disagree.
Friends and family members almost always mean well, but are almost always wrong when it comes to giving bankruptcy advice. This is because bankruptcy, like any other area of law, is very fact-specific. While it’s easy for a friend to tell you the result your friend received by filing bankruptcy, unless your facts are exactly the same as your friend’s you’re not going to get the same result.
In fact, you would hire an experienced Orlando bankruptcy lawyer to apply the law to your specific set of facts to achieve the result that is best for you. 407-898-8225