Modesto, California Chapter 7 Bankruptcy Lawyer

There are a lot of myths out there regarding bankruptcy that lead to irrational fears. So let's get things straight!

Myth #1: I have to pay money back to my creditors

This is absolutely untrue. When you file for a chapter 7 bankruptcy you get a complete discharge. That means the debt that you discharge in your bankruptcy is gone forever. Certain debts are nondischargeable such as alimony, child support, student loans (unless you can show hardship), most taxes, debts of fraud, etc. Credit cards, equity loans, medical bills and unsecured loans are completely dischargeable.

Myth #2: Bankruptcy is hard.

The Modesto attorneys at the law office of Ben Roberts will ensure your bankruptcy experience is very easy. All you have to do is gather your information and we will take care of the rest.

Myth #3: I can't buy a house or a car forever

By the time you decide you need to file for bankruptcy, your credit is probably already shot. Therefore, you won't be able to get a car loan to purchase a car. Believe it or not, if you file a chapter 7 bankruptcy you will be able to buy a car immediately after your discharge. A house will take anywhere from 24 to 36 months depending on your lender and depending on your post-bankruptcy credit.

Myth #4: I will lose my retirement, vehicle and home.

As long as you are current on your secured property you can keep it. In fact, our Modesto attorneys at the law office of Ben Roberts encourage debtors to keep their cars because it's instant credit after your discharge. Your retirement is also protected so you won't lose that either.

Myth #5: Everyone will find out about my bankruptcy

Only your creditors are notified when you file for bankruptcy. It's not published anywhere so nobody will find out, including your employer.

Myth #6: My employer will fire me

Federal law strictly prohibits an employer taking any negative action toward an employee because of a bankruptcy filing. If an employer demotes you or takes any action whatsoever against you solely because of your bankruptcy, they are looking at a law suit.

Myth #7: The judge may not like me because...

It is rare that a debtor ever sees a bankruptcy judge. Debtors have one meeting with the trustee and that's it. And they usually could care less about you because they have so many cases to call. Their job is to take whatever property they can from your estate, but as long as your Modesto attorney does his job right, they won't get anything.