Haroon Law Group | Bankruptcy Attorneys & Counselors

Dallas-Forth Worth Metro and Surrounding Areas

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Myths about Bankruptcy Laws

Let’s talk truthfully about Bankruptcy Laws

Bankruptcy laws are in place to help hard-working Americans find relief from the burden of overwhelming debt. Countless of Americans have sought relief from the heavy interest payments, unexpected medical bills, and other overwhelming debts under Bankruptcy Laws.  The myth created by giant consumer credit industry wants us to believe that only deadbeats file for bankruptcy is just that – a myth.

At Haroon Law Group we provide a free initial consultation about bankruptcy myths. We accept all major credit cards and payment plans are available. Conveniently located just north of Dallas, right on Central Expressway 75 at Park Blvd Exit, we are the bankruptcy attorneys of Haroon Law Group near Dallas in Plano TX . We provide bankruptcy legal services for people who need and deserve an opportunity to start over after consumer debt has crushed their hopes for a safe and brighter financial future. At our office in Plano just north of Dallas , TX we talk with people everyday who are concerned about what effect a bankruptcy will have on their credit report, their job prospects, their mortgage, and even their social standing among friends. The consumer credit corporations have done a great disservice to the common man by spreading misconceptions about one’s life after bankruptcy.

If you are considering filing for bankruptcy to get a fresh start for your family, contact us to schedule a free consultation with one of at attorney at our office. We will clear up some myths about bankruptcy. We will be happy to explain bankruptcy laws and show you ways to start rebuilding your credit after filing.

Here are some common misconceptions about bankruptcy:

Myth:  It is difficult to eliminate your debt under the new bankruptcy laws.

Truth:  Qualifications under new laws is largely the same as under previous laws.  Most people qualifying for Chapter 7 under old laws still qualify for this protection under new laws.

Myth: Senior citizens may loose their homes if they file for bankruptcy.

Truth: Even after bankruptcy, most people, including senior citizens are able to keep their home.

Myth: Bank loans or credit card are not available for 10 years after bankruptcy.

Truth: This is not necessarily true. Elimination of all debt may even make you a better candidate of fresh credit in the eyes of many lenders. You can start to rebuild your credit after bankruptcy almost immediately and qualify for credit in a short amount of time.

Myth: Bankruptcy will not help you with student loans or tax debt.

Truth: You can include all secured and unsecured debt, including student loans in a Chapter 13 debt reorganization bankruptcy,

Myth: Bankruptcy is for irresponsible people only.

Truth: Not true.  The true aim of Bankruptcy laws is to allow individuals to start over.  Millions of people get a fresh start they deserve after financial set backs which may have resulted because of several reasons including those beyond their control.

Click on the links below to learn more about debt relief services available under various provisions of Bankruptcy Laws:

• Stop harassing collections
• Chapter 13 bankruptcy to reorganize debt
• Chapter 7 bankruptcy eliminate debt
• Debt settlement plans
• New bankruptcy laws
• Senior citizens and bankruptcy
• Alternatives to bankruptcy

Learn the facts about bankruptcy. Contact us for free initial consultation. Let us help you plan a brighter financial future fee of crushing debt obligations.

 

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