Common Bankruptcy Myths

There are many negative myths about bankruptcy that can make it seem like a scary process. The reality is that bankruptcy is a viable debt relief option and that it can help you to get back on your feet. At the Law Office of Gordon Mosley, I want people to know the truth about bankruptcy. I do not want myths to frighten you away from getting valuable information about bankruptcy and the bankruptcy process.

Bankruptcy Myths — What You Need To Know

1) Everyone will know if you file for bankruptcy. False. While bankruptcy information is technically public, the only people who will likely know about your bankruptcy are your lawyer and you.

2) Bankruptcy will stay on my credit forever. While a bankruptcy can stay on your credit for 10 years, you can start rebuilding your credit immediately after you file for bankruptcy.

3) I will lose everything if I file bankruptcy. This simply isn't true. In most cases, you keep all of your belongings in bankruptcy. When you work with me, attorney Gordon Mosley, I will explain the entire bankruptcy process.

4) I can't keep my house if I file bankruptcy. Most people who want to keep their home choose to file for Chapter 13 bankruptcy. This gives you time to get current with your payments. You can only keep your home with a Chapter 7 bankruptcy if you are able to get current with your payments.

Schedule A Free Initial Consultation

I do not charge for the first consultation at the Law Office of Gordon Mosley. You can contact me by calling 903-266-1843 or by completing a form. Located in Smith County, my firm accepts bankruptcy cases throughout all surrounding Texas areas. Initial consultations can be scheduled at a time that is convenient for you.

My law office is a debt relief agency and helps people file for bankruptcy relief under the Bankruptcy Code.