Category Archives: bankruptcy myths and facts

If I Have Filed Bankruptcy Before, Can I File Again?

Why would you file bankruptcy again?   Sometimes certain life events happen more than once. For example, a lot of families have more than one child or have lived in more than one house over the course of their lives. These are examples of how life can repeat itself in good ways, but there are […]

How Can I Stop Creditors From Harassing Me?

How Can I Stop Creditors From Harassing Me?   If you are behind on your bills, the chances are high that your creditors are calling or writing you in an attempt to collect their debt. While lenders have the right to try to collect what is due, they do not have the right to engage […]

You Filed Chapter 7 Bankruptcy. Can’t File Bankruptcy Again? Wrong!!

Filing Chapter 13 After Chapter 7 Bankruptcy It is true that if you filed a Chapter 7 Bankruptcy and got a discharge of debts, you cannot file another Chapter 7 for 8 years. That does not mean that there isn’t any help for you available under the bankruptcy code. How Chapter 13 After Chapter 7 […]

Bankruptcy Myth: Congress Eliminated Bankruptcy Law in 2005

Welcome to Bankruptcy Law Myths & Facts

Today’s Myth: Congress eliminated bankruptcy law protection in 2005.


This is a common myth but it is simply not true.

Creditors want you to believe this is the case because they do not want you to know that you have options other than what they want you to do.

In 2005, there was a lot of fear-based advertising by bankruptcy attorneys right before the new bankruptcy law went into effect. This led to the myth that bankruptcy was no longer available to people who need bankruptcy help.



Credit industry legislation changed the bankruptcy law to eliminate some but not all debtor’s rights

The credit industry wrote the new bankruptcy legislation trying to change bankruptcy law to wipe out as much as possible of the rights of consumer and small business debtors. Fortunately, their success was not complete