Bankruptcy

What is this new law?

What is a Chapter 7 Bankruptcy?

What is a Chapter 13 Bankruptcy?

Do I Get To Keep My Property?

Can I Keep My House?

Can I Keep My Vehicle(s)?

Will I Lose My Retirement Savings?

When Will The Harassing Phone Calls From Creditors Stop?

Will My Bankruptcy Filing Be Published In My Local Newspaper?

Will I Ever Get Credit Again?

Some Bankruptcy Law Requirements

Top 16 Myths

Myth 1: There’s no more bankruptcy (or it’s too late to file).

Myth 2: Everyone will know you have filed for bankruptcy.

Myth 3: You will lose everything you have.

Myth 4: You will never be able to own anything again.

Myth 5: You will never get credit again.

Myth 6: Filing bankruptcy will hurt your credit for 10 years.

Myth 7: If you’re married…both you and your spouse have to file for bankruptcy.

Myth 8: It’s really hard to file for bankruptcy.

Myth 9: Only deadbeats file for bankruptcy.

Myth 10: Filing bankruptcy means you’re a bad person.

Myth 11: Filing for bankruptcy will hurt your credit.

Myth 12: Even if you file for bankruptcy, creditors will still harass you and your family.

Myth 13: If you file for bankruptcy, it may cause more family troubles and may even lead to divorce.

Myth 14: You can’t get rid of back taxes through bankruptcy.

Myth 15: You can only file once for bankruptcy protection.

Myth 8: It’s really hard to file for bankruptcy.

Myth 16: You can pick and choose which debts and property to list in your bankruptcy.

Other Useful Links

www.hummingbirdcreditcounseling.org Internet-based credit counseling and Financial Management
www.annualcreditreport.com Free credit reports from Equifax, Experian, and TransUnion
www.nadaguides.com Free valuations for cars, trucks, motorcycles, ATVs, boats, and campers
www.lifeafterbankruptcy.com Resources to help you responsibly establish credit after bankruptcy
www.myfico.com Learn how your credit scores are calculated; subscription-based monitoring of scores
www.ftc.gov/bcp/conline/pubs/credit/repair.shtm How to dispute inaccurate credit report information
www.clarkhoward.com Financial and consumer advice from a nationally-respected radio talk show host
www.suzeorman.com Author of several popular books on personal finance and consumer topics
www.nacba.org National Association of Consumer Bankruptcy Attorneys