Straight Talk About the Benefits of Consumer Bankruptcy
When the Bankruptcy Abuse Prevention Consumer Protection Act was passed in October of 2005, misconceptions about the changes in bankruptcy law sprung up almost immediately.
For instance: a bankruptcy filing would not be available if you have a job; medical debt could not be discharged; married couples would have to file for bankruptcy together.
At the Law Office of John-Paul LaPré, we work hard to debunk the myths that make many people hesitant to file for bankruptcy. We separate fact from fiction while working toward resolution of your financial difficulties.
Jack LaPré listens carefully to what you tell him. As your lawyer, he responds with honest answers to your questions and sound legal advice that gets results. A better life after bankruptcy awaits you.
Contact us in Southborough, Massachusetts today. Reach us from Metro West cities, Southborough and Framingham at 508-481-3665.
Do Not Believe the Myths and Rumors -- Bankruptcy Filings Can Work for You
Here are just a few of the bankruptcy myths that have gained momentum since the changes in bankruptcy law:
- Those who file for Chapter 7 bankruptcy will be unable to rebuild their credit for 10 years.
- A Chapter 13 bankruptcy filing requires repayment of debt in full.
- A bankruptcy filing of any kind means you will lose everything you own.
- Bankruptcy implies that the person who files for it is a failure, personally and professionally.
- Your friends will know that you have filed for bankruptcy.
- A bankruptcy filing requires a minimum amount of debt.
- Individuals cannot file for bankruptcy. Only corporations can.
- Your bank records will be examined and your tax returns audited.
- Bankruptcy cannot stop a mortgage foreclosure.
- You must complete a written test to enter bankruptcy, and another to exit from it.
- A bankruptcy filing means you will never receive another income tax refund.
- You can only file for bankruptcy once.
- Filing for bankruptcy will not prevent creditors from harassing you.
- You will lose your 401(k), or other retirement benefits.
- You must be a citizen to file for bankruptcy protection.
Our attorney disputes these falsehoods with sound bankruptcy strategies on your behalf. He will make sure you receive only factual information about foreclosure, repossession, dischargeable debts and all phases of the bankruptcy legal process.
Contact the Law Office of John-Paul LaPré in Southborough
Start benefiting today from our experience, legal knowledge and cost-effective solutions. Arrange your free consultation by calling 508-481-3665. You can also reach us by e-mail. If you are limited to an evening or weekend appointment, we can provide it.