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Bankruptcy Myths

Learn the Truth about Bankruptcy in Arizona

Millions of Americans have sought relief from the heavy interest payments, unexpected medical bills, and other overwhelming debts, and yet the giant consumer credit industry wants us to believe that only deadbeats file for bankruptcy. The truth is bankruptcy laws are in place to help hard-working Americans find relief from the burden of overwhelming debt.

Our attorneys provide a free initial consultation about bankruptcy myths

We accept all major credit cards and payment plans are available

Conveniently located just south of the Biltmore, just minutes from Hwy 51

We are the bankruptcy attorneys of Clark Law Offices, in Phoenix, Arizona. We provide bankruptcy legal services for people who deserve an opportunity to start over after consumer debt has crushed their hopes for a brighter future. At our offices in Phoenix and Tucson, Arizona, we talk with people everyday who are concerned about what effect a bankruptcy will have on their credit report, their job prospects, their mortgage, and even their social standing among friends. The consumer credit corporations have done a great job of spreading misconceptions about your life after bankruptcy.

If you are considering filing for bankruptcy to get a fresh start for your family, contact us to schedule a free consultation with one of our lawyers. We want to clear up some myths about bankruptcy. We will be happy to explain bankruptcy laws and show you ways to start rebuilding your credit after filing.

Debunking some common misconceptions about bankruptcy:

Myth: The new bankruptcy laws have made it difficult to eliminate your debt.

Truth: Most people who would have qualified for chapter 7 under the old laws will still be eligible to file a chapter 7 bankruptcy and get a fresh start.

Myth: Senior citizens filing bankruptcy risk losing their homes by filing.

Truth: Like everyone else, most seniors are able to keep their home in a bankruptcy.

Myth: You won't get a bank loan or credit card for ten years after filing bankruptcy.

Truth: You can start to rebuild your credit after bankruptcy almost immediately and qualify for credit in a short amount of time. Many lenders actually consider you a better credit risk after you have eliminated all of your debt.

Myth: Bankruptcy cannot help you with student loans or tax debt.

Truth: By filing a Chapter 13 debt reorganization bankruptcy, you can include all secured and unsecured debt, including student loans.

Myth: Only irresponsible people file bankruptcy.

Truth: Bankruptcy laws are in place to allow Americans to start over, not make you feel like a deadbeat. Millions of hard-working people have gotten the fresh start they deserve after a personal setback or inability to keep up with high interest rates, late fees, and unfair penalties.

To learn more about our debt relief services, please visit these pages:

Get more truths about bankruptcy. Contact us for a free consultation. Stop worrying. Start thinking about a brighter financial future that doesn't include the heavy burden of debt.