Bankruptcy Myths

Making the decision to file for bankruptcy can be an extremely difficult time for an individual and an entire family. Many fears may be running through your mind as you fill out the paperwork and seemingly sign your life away. However, as a seasoned Houston bankruptcy lawyer, our firm is here to squash any and all bankruptcy fears and myths you may have heard before filing for bankruptcy.

Before filing, it is absolutely crucial to understand and be well informed on all the details of bankruptcy and the impact it will have on your current and future financial situation. Some commonly misinterpreted bankruptcy myths may include:

  • Your credit score will be permanently damaged;
  • You will lose all of your possessions;
  • Rebuilding your credit will be impossible;
  • Everyone will know you filed for bankruptcy;
  • You will never be able to apply for a mortgage again;
  • You will never be able to apply for a credit card again;
  • Only irresponsible people file for bankruptcy.

Contrary to popular belief, every single one of these statements is completely false. None of these events should happen when you file for bankruptcy. In fact, many other things can happen when you file for bankruptcy, including finding relief from your crushing amount of debt.

If you would like to learn more about the myths of bankruptcy, do not wait another minute longer to call our office today! Here at Stockton Law Offices, our legal team has handled a countless number of bankruptcy claims, and we may be able to help you as well. We can help you learn the benefits of bankruptcy, file a chapter 7 or chapter 13 bankruptcy petition or even help you decide if bankruptcy is right for you. With thousands of Americans realizing their debt situation every day, we are only here to help you file a petition and see that you find a debt free future!