10 Myths and the Truth About Bankruptcy

10 biggest myths that cause people to fear bankruptcy. Which of these have you heard before?

Over the coming weeks we will explore the common myths associated with bankruptcy. Attorney Brad Botes, Alabama Board Certified Bankruptcy Attorney, will answer these with the truth. Should you have any questions please call the Bond & Botes Law Offices at 1-877-581-3396 and we will take the time to answer all your questions at absolutely no charge. We hope you find this series informative.

Let’s take a look at them one by one and separate fact from fiction…

1. In bankruptcy, you lose everything you have.
2. Filing bankruptcy means you can’t get credit for ten years.
3. Bankruptcy can’t get rid of back taxes.
4. Foreclosure is better than bankruptcy.
5. You will be fired if you file bankruptcy and never hired again.
6. Everybody will know you’ve filed bankruptcy.
7. Both husband and wife must file bankruptcy at the same time.
8. Your business can file bankruptcy without you also filing.
9. Bankruptcy leads to divorce.
10. Filing bankruptcy is a sign you don’t handle finances responsibly.

Sound familiar? These beliefs come from all kinds of different places, but they have one big thing in common: They’re not true!

We are here to help

The attorneys at the Bond & Botes Law Offices have devoted decades to helping people resolve debt and move forward into a more stable financial futures. We offer free consultations to people facing overwhelming and unpayable medical expenses. You can schedule yours right now by calling 1-877-581-3396 or by filling out the contact form on this page.