Bankruptcy Myths

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Bankruptcy Myths Unveiled
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Bankruptcy Myths
Although myths are quite popular, they are not
necessarily real. There are many bankruptcy myths
out there, which we are about to expose. Life
after bankruptcy is as normal as it could get.
Money may not fall from the sky but this is a
lesson you already learned a long time ago. Use
your binoculars because you will take a closer
look at how life after bankruptcy looks like.
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Your Credit into Pieces
Totally false. Although its true the bankruptcy
will show on your credit report for a decade, you
can still rebuild your credit. If you have a low
credit score, youll find opportunities to
rebuild it. Some people with a low score may see
their score improve significantly after the
bankruptcy was filed. This is especially true for
debtors who pay their bills consistently.
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Losing all your Property
Although it may sound quite dramatic and
attractive for a soap opera, its very far from
the truth. When filing for bankruptcy, your
property becomes part of your estate that someone
will oversee. All these assets will not be
liquidated. Non-exempt property is generally sold
under chapter 7, the rest of the property you can
keep.
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You will feel Guilty When You Apply for Bankruptcy
Why should someone feel guilty when all they are
trying to do is finding a solution for their
problems? There is no shame in handling your
finances with a realistic point of view. These
laws are there to allow you a fresh start. Even
president Jefferson filled several bankruptcies
with way more debt than any of their clients.
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Need to be Delinquent on your Payments in Order
to Qualify
This is not a requirement to file for bankruptcy.
Some debtors find themselves in a situation where
they know they wont be able to pay all their
debts with their expected income. This is a great
way to avoid credit collection harassment. A Salt
Lake City bankruptcy attorney will never force
you to make these important decisions. During
your first appointment you will discuss your
current circumstances and the attorney will offer
insightful advice.
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Pros and Cons of Chapter 13 Bankruptcy
Thousands of people file for bankruptcies every
year. There are many reasons why. Yes, it is
uncomfortable and awkward to admit youve made
some errors in your management of money, but a
Chapter 13 attorney is not there to judge you,
they are there to help you get organized and set
your finances straight. It is nothing to be
embarrassed about. Make sure you find an attorney
who will make the process as seamless as possible.
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Bankruptcy is a Great Opportunity to Handle your
Debts
There comes a time in life when you have to take
a big step. Bankruptcy is a great opportunity to
handle your debts in a more productive way.
Contact salt lake city bankruptcy lawyer Justin
M. Myers today at law firm Justin M. Myers -
Attorney at Law, LLC and ask about the types of
bankruptcies for a fresh start.
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Justin M. Myers - Attorney at Law, LLC 1122 W.
South Jordan Pkwy. Suite A South Jordan, UT
84095 Phone [phone] Website
https//www.jmmlegal.com/contact/