Common Bankruptcy Myths
Everyone has heard the horror stories about filing bankruptcy. The reality is usually very different. Common myths include the loss of clothing, furniture and all personal property as soon as you file bankruptcy. How about the one where you lose your home since you filed bankruptcy? Or maybe it’s the myth that you get to keep one car when you file for bankruptcy? That you will have a bankruptcy trustee showing up at your home with no notice to inspect and appraise all of your assets as soon as you file? That all of your friends and neighbors will receive a notice of your filing? All of these are common statements when people come to our office.
Most of the above myths have resulted from a simple mistake that people make in filing bankruptcy. The mistake is not obtaining the proper legal advice about whether to file and potential issues that may arise after filing. The first step to help overcome these common misconceptions is to seek professional bankruptcy advice. Don’t rely on family, friends, co-workers or others to tell you what the law is in bankruptcy. Even if that person has filed their own case, every case is unique and may be very different from your situation. Seek professional advice from an attorney who only practices bankruptcy law and is before the bankruptcy court on a weekly basis.
At Mickler & Mickler, we attend Court and see the bankruptcy trustees and judges in action several times a week. We have the experience to guide you to the right decision about whether to file a case, and if so, what Chapter to file. When you contact our office, we can help you avoid any horror story in your case with sound legal advice.
Please contact Mickler & Mickler at 904.725.0822 or bkmickler@planlaw.com. We will be happy to set you up a free appointment to discuss your situation and potential solutions.
