Many people struggling with debt automatically dismiss bankruptcy as a solution. There are many reasons for this reaction. Some are ashamed of their situation and do not want others to know they are in financial distress. Others are afraid they will lose everything they own. Still others worry bankruptcy will forever bar them from getting credit again.
At the Law Offices of Michael H. Johnson, we understand our clients have many concerns. That's why when you visit our offices in Fort Lauderdale or West Palm Beach, we will take the time to explain the bankruptcy process, including what to expect after filing. Most people leave the free initial consultation surprised to learn about the facts and myths of bankruptcy.
If you are considering bankruptcy as a way to give yourself and your family the fresh start you deserve, here are some things you may not realize:
You are not alone - The government designed bankruptcy as a helping hand for hard-working people like you. People are seeking relief through Chapter 7 and Chapter 13 bankruptcy every day. Chances are, you know someone who has filed for bankruptcy, whether or not they told you they did so.
It will not be announced on a billboard - While bankruptcy filings are public record, for the most part, only your creditors and anyone you tell will know you filed.
You will be able to rebuild your credit - Several companies will give you credit, including car and home loans, though you may have to pay a higher rate for a period of time. By aggressively rebuilding your credit, you can significantly improve your score.
You will not automatically lose your house and vehicle - In most cases, people who file are able to retain their cars and homes, provided they are able to stay current on their vehicle and mortgage loans.
To learn more about life after bankruptcy from an experienced lawyer, contact us online or call us at 954-519-4653. We offer free initial consultations. Evening, weekend and off-site appointments are available on request. Phones are answered 24 hours a day/7 days a week.
We accept credit cards. Payment plans are available.