A Green Bay Attorney Who Knows the Truth About Bankruptcy
If you are facing serious financial distress, do not let myths, concerns and questions prevent you from getting the fresh start you need. Contact an attorney who is dedicated to finding a debt relief solution that works for you. Call me, Gregory A. Holbus, at 920-264-9725 or contact me online to request a free consultation.
Putting Bankruptcy Myths to Rest
At the Law Office of Gregory A. Holbus, I understand that people struggling with debt are not "bad" or irresponsible. I'm here to put this stigma, along with the following myths, to rest:
- I have good credit. If I file for bankruptcy, my credit will be ruined.
Chances are your credit is not in as great of shape as you think it is. Your credit score is based on a complicated algorithm that considers much more than just your payment history. Bankruptcy gives you the opportunity to reduce your debt to income ratio, make a fresh start, and begin to rebuild your credit. And, with a little effort, you will be able to qualify for mortgages and car loans after filing for bankruptcy. - I will lose my job.
It is illegal to fire an employee due to his or her financial situation. If you file bankruptcy and you are fired, your employer is breaking federal law. - I will lose my property.
Bankruptcy actually allows you to keep most of your personal assets and property, and can prevent home foreclosure. - I will lose my tax refund.
In most cases, we can preserve your tax refund, if you are anticipating one. - I thought you couldn't file for bankruptcy anymore.
There are many misconceptions surrounding the new bankruptcy laws - The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) passed in 2005. Although the qualifications for filing did change, you can still qualify for chapter 7 or chapter 13 bankruptcy. - Everyone will know if I file for bankruptcy.
Yes, bankruptcy is a matter of public record and it will be on your credit report for several years. However, bankruptcy is not published in the newspaper. Bankruptcy is a matter of federal court, not state court, so it is not listed on Wisconsin Circuit Court Access. Your employer, friends, and family will likely never find out unless they are one of your creditors or you tell them that you filed.
Contact a Wisconsin lawyer who is dedicated to making bankruptcy work for you. Call my law office at 920-264-9725 or complete the online form.
