What are some common myths about filing for bankruptcy? by Mequon, WI Bankruptcy Attorney

What are some common myths about filing for bankruptcy?  by Mequon, WI Bankruptcy Attorney

When filing for bankruptcy, you will hear many rumors and myths.  Here’s a few I’ve heard:

  1.  If I file for bankruptcy I will never be able to buy a house.  FALSE – there are special lending programs available and many clients purchase new homes in as little as 2-years after filing for bankruptcy.  File for bankruptcy with my office, and I will match you to a loan professional that can get you on the right track ASAP.
  2. I need a new car and if I file, I will not be able to get one.  FALSE – there are several lenders that will loan you money for a car even if you have filed for bankruptcy.  It will likely be at a higher interest rate, but it can still be done.
  3. Bankruptcy will destroy my credit score.  IT DEPENDS – many of my clients’ credit scores actually improve with the filing of bankruptcy.  I will match you with a credit repair professional to ensure you have the best possible credit score.

We serve Wisconsin counties including Washington County, Waukesha County, Ozaukee County, Milwaukee County and Germantown, West Bend, Hartford, Slinger, Richfield, Colgate, Menomonee Falls, Wauwatosa, Mequon, Thiensville, Sussex, Lannon, Brown Deer, Glendale, Milwaukee and all surrounds Southeast Wisconsin areas.