Myths About Bankruptcy in Richmond
Let Our Richmond Bankruptcy Attorney Dispel These Myths
Thousands of people file bankruptcy every year due to financial hardships.
Unfortunately, because of the sometimes unjustified negative connotation
associated with filing bankruptcy, many people who could benefit from
bankruptcy may tend to shy away. This is because there are a number of
unfounded myths surrounding bankruptcy which have been perpetuated over
the years. Our Richmond bankruptcy attorney, Bruce W. White, is here to
help shed light on these myths.
- Bankruptcy Myths
If you have a good job you will be unable to file bankruptcy - Although there are financial criteria that a person who intends to file
bankruptcy must meet, a good majority of people who are gainfully employed
qualify to file bankruptcy.
A married couple has to file a joint bankruptcy - Married couples do have the option to file together, but a joint filing
is not mandatory. We advise you to consult our experienced Richmond bankruptcy
attorney to decide which filing option would be best for your situation.
Only people who are financially careless file bankruptcy - While managing your money could be considered a skill, the notion that
only the financially irresponsible file bankruptcy is simply untrue. A
large percentage of bankruptcies stem from illness and death, divorce,
and other catastrophic life situations that cannot be predicted or prevented.
All debts can be discharged - There are many debts that cannot be discharged through a bankruptcy filing.
Debts such as student loans, state taxes, and mortgage loans, are generally
ineligible to be eliminated through bankruptcy. But once again, you should
contact our Richmond bankruptcy attorney to discuss your individual case.
Bankruptcy will damage your credit permanently - Filing bankruptcy may cause your credit score to drop, but it is certainly
not permanent. Many people who file bankruptcy are able to regain a high
credit status after a few years.
Consult a Skilled Attorney
Here at the law office of Bruce W. White, P.C, we are proud to say that
we have helped hundreds of local residents start their financial lives
over. Our Richmond bankruptcy lawyer is eager to assist you.
Contact us today for a free, no-obligation consultation and learn what we can do
for you. We can be reached at (804) 655-0502.