Dispelling the Myths About Chapter 7 and Chapter 13 Bankruptcy
People have understandable hesitations about taking the step to file for bankruptcy. It is a difficult decision, and one best informed by facts rather than myths. It turns out that many of the things people think they know about bankruptcy are in fact either not true or misunderstood. Some of these myths come directly from creditors or financial predators who profit from ignorance and disinformation.
At the Law Offices of Farnsworth Mortensen, PLLC, we educate people on the realities of bankruptcy. We know that bankruptcy isn't the right solution for every financial crisis, but we also believe that the best way to make that decision is from a position of information and knowledge. Instead of relying on what you think you know about bankruptcy, when your home, family and future is at risk, talk to our professionals and get the facts.
Talk to a Lawyer to Get the Facts
Bankruptcy protections are a critical tool in a free-market society. It is designed to provide limited opportunities for people across all financial and social spectrums a chance to restart and rebuild. Rather than being an end, it is more a new beginning, and if you have a professional on your side who is committed to building a long-term plan, it can be a pathway to a stable financial future.
Do not fall for the myths and half-truths spread by financial predators. Contrary to what others may say, the reality is:
- Bankruptcy is not just for "rich people" or "poor people."
- Even though the laws have changed, regular, hard-working people can still file for bankruptcy.
- Your friends and family will almost certainly never know you filed unless you tell them.
- You can end creditor harassment almost immediately.
- You may be able to protect your home, your car, your retirement and other property.
- You will almost certainly have ways to repair your credit.
- You can craft a bankruptcy strategy that is specific to you needs.
- You have no reason to feel ashamed of using a legal and long established financial tool.
When your financial future is on the line, you need to make informed decisions. For more than 20 years, we have been giving Arizona clients and families the facts about bankruptcy and doing our part to dispel the myths that can be so destructive.
Talk to a Trusted Advisor
It costs nothing to sit down with our attorneys and team for a free consultation. To schedule an appointment and learn the difference between bankruptcy myths and bankruptcy facts, please contact us by phone or online today. Our law firm maintains offices in Tucson and Mesa.
