Debt collectors can be shameless when it comes to trying to collect on accounts. Here are some of the lies our clients have heard from creditors:
- You can’t get rid of this type of debt in bankruptcy.
- You will never get credit again.
- Filing for bankruptcy means you’re a bad person.
- You will lose everything you have.
- Filing for bankruptcy is expensive.
None of these things are true! Let’s break down the lies one at a time.
Lie #1: You can’t get rid of this type of debt with bankruptcy.
There are a few kinds of debt that you can’t get rid of with bankruptcy, including student loans, child support and alimony. But you CAN get rid of most kinds of debt, including credit card debt, loans, medical debt, old bills, etc.
Lie #2: You will never get credit again.
In fact, the opposite is true. You are more likely to get credit AFTER filing for bankruptcy because you are a better credit risk. After all, you will now be debt free! There will be no delinquent bills on your credit report, and your credit score is likely to recover within a year of filing.
Lie #3: Filing for bankruptcy means you’re a bad person.
This is absolutely untrue. Filing for bankruptcy means you are taking control of your finances and using the opportunity to start fresh. Many famous names have filed for bankruptcy to get their lives back on track, including Abraham Lincoln, Henry Ford, Walt Disney, Milton Hershey, H.J. Heinz and P.T. Barnum. Everyone goes through hard times. Filing for bankruptcy does not mean you are a bad person.
Lie #4: You will lose everything you have.
The purpose of hiring a lawyer to handle your bankruptcy is so that you can protect as many of your assets as possible. Our expert attorneys have worked with thousands of people, and there are certain laws that provide protection for your property. We will tailor your case to your specific circumstances.
Lie #5: Filing for bankruptcy is expensive.
We don’t charge by the hour or nickel-and-dime you for copying paperwork. In fact, your initial consultation with us is free of charge! We have some of the best rates in town because our experts know exactly how to give you one-on-one attention while still keeping fees low.
Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or you can email us and schedule your free consultation.