What You Need To Know About Bankruptcy
Many people fear the process of bankruptcy. They think it can permanently damage their future. They feel intimidated by the legal process. They worry about what bankruptcy can do to their reputation. Much of what these people believe about bankruptcy are myths.
At The Law Offices of Philip F. Counce, one of the first things we do is explain bankruptcy — what it is, what it isn't and how it can help you get your finances back on track.
The Law Offices of Philip F. Counce
Call (901) 201-6012 or send us an e-mail to arrange for a confidential consultation. We can answer your questions and help you decide if a bankruptcy filing is right for you.
Myths About Bankruptcy
Some of the more common myths about bankruptcy are:
Myth #1 — Chapter 7 Bankruptcy Is No Longer an Option.
False. Though the law changed a few years ago, debt relief under Chapter 7 is still a viable option for many people. Under Chapter 7 bankruptcy, your dischargeable debts are lifted from your shoulders and you obtain more financial flexibility.
Myth #2 — If I File for Bankruptcy, I'll Lose My House, Car and Personal Property.
Wrong. Under both Chapter 7 and Chapter 13 bankruptcy, it's possible to stop foreclosure and repossession. In Chapter 7 bankruptcy you can keep your house, your vehicles, and your personal property, as long as you can keep current on payments and the property is exempt. In Chapter 13 Bankruptcy you also keep your house, your vehicles and your personal property, even if you are behind or the property is not exempt through a debt reorganization plan. Our firm can help you decide which bankruptcy option is right for you.
Myth #3 — Under Chapter 13, I'll Have To Repay All of My Debts.
Not true. Attorney Philip Counce can impose a plan on your creditors to reduce your burden and protect your property. In many cases, you can even choose which creditors you want to fully pay off and those which you don't want to fully pay off. Many time creditors receive just pennies on the dollar and are paid over a sixty month period.
Myth #4 — I've Already Filed for Bankruptcy Once, so I Can't Do It Again.
Not true. Even if you have been through the bankruptcy process before, you can still file for bankruptcy although the type of case that you may file and the relief obtained may vary.
Myth #6 — Bankruptcy Is Expensive.
Not true. At The Law Offices of Philip F. Counce, we make bankruptcy easy. For one competitive fee, we can help you file for bankruptcy and you could be on your way to a better financial future.
Will Bankruptcy Help?
Ask Philip Counce. It could be the right solution for you.
For a confidential consultation with Lawyer Philip F. Counce, call (901) 201-6012 or send us an e-mail.
We are a Title 11 Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code. This ad does not create an attorney-client relationship until a written agreement is signed.