Category Archives: bankruptcy myths and facts

The Interplay Between Divorce And Bankruptcy

Divorce and Bankruptcy It is often said that most divorces are caused by financial struggles. When a family is facing significant financial problems, the stress levels can be high and cause serious conflict. This type of conflict is difficult to recover from, especially if one of the spouses feels they are doing more to contribute…

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…

Can I Go To Jail For Not Paying My Debts?

Can I Go To Jail For Not Paying My Debts? In Hollywood there may be such a thing as “debtor’s prison”, but that is really more for theatrical effect than to portray how debt collection works in the real world. If you are not able to pay your bills, you may be worried about what…

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…

Discount Attorney

Should I Use a Discount Attorney What type of bankruptcy attorney do you want to protect your assets and make sure you will get a discharge? Can you afford a DISCOUNT ATTORNEY?? Even if you THINK you have nothing to lose in assets, you could end up losing your DISCHARGE IN BANKRUPTCY and not getting…

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