Bankruptcy - Bankruptcy Misconceptions & Myths

There are a lot of misconceptions and inaccurate information about Chapter 7 bankruptcy debt elimination and Chapter 13 bankruptcy reorganization. A lot of people think that by filing Chapter 13 or Chapter 7 that they will never be able to buy a house. This simply is not accurate.

A lot of people believe that they will not be able to buy a car. This is not accurate either. After filing bankruptcy, many finance companies now see you as a better credit risk than when you had so much debt.

Many people also believe that they will not be able to get a credit card. However, this is not necessarily true either. There are many Banks and Credit Unions that allow you to have a credit card account secured by a savings account as collateral. Such an account is called a secured Visa or MasterCard, and is a great place to start reestablishing your credit.

Call us now at 972-527-4500 to schedule a free appointment with me personally to discuss your options! We are a Designated Debt Relief Agency under Federal Law and we provide legal assistance to consumers and others seeking relief under the United States Bankruptcy Code.