Common Misconceptions of Bankruptcy
Debunking Bankruptcy Myths
Bankruptcy has long had a negative connotation throughout the United States.
Although there are negative aspects to bankruptcy, there are also many
myths surrounding this legal process that must be debunked and clarified.
I, Bryan W. Clickner, strive to help my clients understand their circumstances
and confidently select the most appropriate debt relief option. As your
New Hampshire bankruptcy attorney, I can help you pursue bankruptcy and
obtain a positive financial resolution to financial concerns.
Examples of Common Bankruptcy Myths
My credit will be ruined after I file for bankruptcy.
Credit is typically already damaged when a debtor is at the point of filing
for bankruptcy because of his or her financial situation. Although bankruptcy
stays on a creditor's record for 10 years, credit can be restored
through positive financial practices. Many individuals are able to see
vast improvement to their credit after just two to three years after filing
Bankruptcy indicates that I am a financial failure.
Bankruptcy is used by many respectable individuals who need to obtain
a fresh financial start. In most cases, the primary cause of overwhelming
debt is the economy, medical bills, and other uncontrollable factors.
Bankruptcy is not a sign of financial defeat but is rather a solution
to help individuals permanently get out of debt.
I will lose my house and vehicle if I file.
Bankruptcy is not a punishment that is meant to strip you of your personal
belongings. When you file for Chapter 7 bankruptcy, most assets are exempted.
That means that you are able to keep a large portion of your property.
In a Chapter 13 bankruptcy, you do not lose any of your assets. In most
cases, you are able to keep your home and vehicle by filing under Chapter 13.
My name will be published in the newspaper.
Bankruptcy is a public record, but you will not have your name published
in a newspaper unless you are famous public figure. In most circumstances,
no one will know that you have filed for bankruptcy unless you personally
Bankruptcy will impact all consumers in the same way.
This is not true. Every individual's case is unique and will have
its own outcome depending on the amount of debt discharged and the number
of debts that are included when filing for bankruptcy. My firm can help
you evaluate which type of bankruptcy is best for you and how each type
could affect your financial future.
Legal Bankruptcy Help in New Hampshire
I am devoted to helping my clients understand their legal issues and the
process they are navigating. I have observed the benefits of bankruptcy
and know that it can make a positive difference in your life. I am available
to provide you with the legal help you need with your bankruptcy case.
Contact Attorney Bryan W. Clicker
at your earliest convenience.
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