Bankruptcy Myths - Life After Bankruptcy

http://www.saderlawfirm.com/bankruptcy-video5.aspx

Do you think that filing bankruptcy is a stain that stays with you forever? You know, there are so many bankruptcy myths and misconceptions spread by those who really do not know the truth.

What I want to do, is to dispel a few of these myths with facts that I have gained as a bankruptcy lawyer for the past 25 years.

Here is myth number 1, "Won't bankruptcy ruin my credit?" Most people who are filing for bankruptcy already have bad credit. While it is true the bankruptcy may last on your credit report for 10 years, if you pay your bills on time after filing bankruptcy, your credit report score can often meet and exceed what it was when you filed within two years. You can also apply for credit the day after you file. Bankruptcy can actually help clean up your credit history.

The second myth people often have is, "I owe taxes, and they can't be included if I file bankruptcy, can they?" In fact, some taxes are dischargeable. If you have filed your returns on time, and owe income taxes more than 3 years old, they can be discharged in bankruptcy.

Here is another one, "Won't I will lose my home and car if I file?" In fact, it is a rare occurrence for anyone to lose any personal property such as household goods from a bankruptcy. Generally, if you want to retain your home and vehicles you can, as long as you continue to pay those creditors.

At The Sader Law Firm we have a saying about our clients -- "Once their case is over, it seems their biggest regret is that they didn't file sooner!"

Each case is unique and we know the right questions to ask to evaluate your case and present all your options. Don't be afraid that your life will change because of a bankruptcy. Bankruptcy is a lawful action that is designed to help people in financial trouble start again.

Let the lawyers at The Sader Law Firm help by giving you a personal evaluation of your case options. Take a moment right now, fill out the contact form on the left side of your screen or just give us a call. We are happy to provide absolutely free phone consultations with an attorney in our Kansas City office who will review your situation.


The Sader Law Firm
http://www.saderlawfirm.com/
Email:info@saderlawfirm.com
4739 Belleview Ave., Suite 300
Kansas City, Missouri 64112
Telephone: 816-561-1818
Facsimile: 816-561-0818

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• bankruptcy myths

[Protool11]

I have a irs tax lien against my home. so i don't think that can be discharged.