Fears with Filing For Bankruptcy
For many people, filing for bankruptcy seems like a scary and shameful concept. Not completely understanding the entire process or the steps involved, added to people telling you unsuccessful bankruptcy horror stories, can make this legal process intimidating and tricky to comprehend. There are clients that have felt embarrassed about filing for bankruptcy and fear that their peers or employers will find out. As an experienced Chapter 7 and Chapter 13 bankruptcy attorney, I can help ease my clients' mind in establishing the best form of bankruptcy for their case.
Bankruptcy Myths: "How will filing affect me?"
Some common myths that involve bankruptcy are that it will affect your current employment. In most cases where a client files for bankruptcy, their employer does not necessarily know about it. If an employer learns that an employee has filed for bankruptcy, the employer is legally not allowed to take any adverse action against that employee.
Another common myth is that filing for bankruptcy ensures permanently negative credit. In reality, filing for bankruptcy can help you rebuild your credit. Once the credit card and medical bills are eliminated, you have a fresh start at building positive credit.
Another common myth involving bankruptcy is on the emotional and social level. For many people filing for Chapter 7 bankruptcy translates into a financial "failure" that feels embarrassing amongst peers and family members. In reality, filing for this form of bankruptcy only takes a couple of months and ends the stressful harassment of creditors and bill collectors immediately. It offers a fast, quick start on both a financial and emotional level. The fact is that many people have filed for bankruptcy protection, including famous celebrities, and there is nothing shameful about having to do so yourself.
Legal Help in Handling Misconceptions about Bankruptcy
With my experience in helping numerous clients file for bankruptcy, I can provide professional details and advice specific to your case as well as ease your mind throughout the process.
As your lawyer, I will listen to your case without judgment and provide you with information to have you make informed decisions about your financial future.
Contact an Oak Forest, Illinois, Attorney Today
If you are seeking legal representation or need information about filing for bankruptcy, contact my office for a free consultation at 708-687-8000 today.
