Bankruptcy Myths

Ways to Rebuild Credit • Bankruptcy Questions • Bankruptcy Myths

The RI new bankruptcy law office of

Robert B. Jacquard, Esq.

401-461-6800

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I'd like to let you in on a few secrets the giant consumer credit industry doesn't want you to know. At my personal bankruptcy law firm, I spend a great deal of my time debunking bankruptcy myths for people who really have no other option than bankruptcy. I'd like to help people understand that bankruptcy isn't the nasty monster that kills any hope of borrowing a buck in the future. It simply isn't true. It never was and, hopefully, never will be.

If you are overburdened by debt, contact the personal bankruptcy lawyer's office of Robert B. Jacquard, Esq. We will start your free consultation by debunking some bankruptcy myths. We'll finish by helping you get a good night's sleep for a change.

Bankruptcy Myths Debunked:

Myth: You won't be able to borrow money for at least ten years following a bankruptcy.

Truth: You can rebuild your credit score immediately. Some ways to rebuild your credit include taking out secured loans and credit cards, and making your payments on time. Many lenders consider you to be a better risk after a bankruptcy.

Myth: You will lose your house to foreclosure and your car will be repossessed.

Truth: Property exemption is common in bankruptcy filings. You can exempt your mortgage, car loan, and any other debt for property. In short, you can keep your home and car, as long as you continue to pay the bills.

Myth: You will never get a mortgage approved so you can move out of your apartment.

Truth: Nobody's credit history is perfect, and lending institutions approve mortgages for people who have filed bankruptcy every day – often within the first year after filing.

Myth: Bankruptcy is a form of theft and cheating the system.

Truth: America was founded on the very belief in fresh starts. Most people have repaid their original credited amount by the time they decide they can't keep up with excessive interest payments and late fees.

Call the Rhode Island bankruptcy attorney's office of Robert B. Jacquard, Esquire, for a free consultation. I will be able to quickly assess whether or not it will be beneficial for you to file for bankruptcy.