Common Bankruptcy Myths
There are a lot of misconceptions among the general public in Florida regarding bankruptcy and bankruptcy law. As a debt relief agency, we consider it our duty to help dispel these myths. Before you make decisions based on bad information, get informed.
Dispelling Two Frequent Bankruptcy Myths
Myth #1: It is difficult to file for bankruptcy.
Truth: Although the new bankruptcy law enacted in 2005 made bankruptcy more difficult (essentially, it added “more hoops”), anyone who was eligible for bankruptcy before the new law is still eligible today. The law did not cause a decrease in the number of consumer bankruptcies.
Myth #2: I can’t discharge a final civil judgment.
Truth: Yes, you can. If a judge orders you to repay someone for services rendered or goods delivered, that debt is dischargeable under bankruptcy. The only exception is if you incurred the debt through fraud.
If you are trapped under a mountain of debt and can’t afford to pay it back; if your interest is growing faster than you can make payments; if your creditors keep hounding you to pay them back – you should consider filing for bankruptcy. At Lewis & Monroe, PLLC, we help clients file for Chapter 7, Chapter 11 and Chapter 13 bankruptcy.
Don’t Be Fooled. Talk With An Experienced Lawyer.
If you are considering filing for bankruptcy, you should speak with a qualified attorney. Together, the attorneys at Lewis & Monroe, PLLC, in Orlando, have decades of combined experience. Mr. Monroe is nationally certified in bankruptcy law by the American Board of Certification. Cynthia Lewis is a certified public accountant.
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We are a debt relief agency. We counsel clients according to federal bankruptcy code.