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Misconceptions about Bankruptcy

Debunking Common Bankruptcy Myths

We help Georgia residents make bankruptcy decisions with confidence

One of the reasons you should retain legal counsel prior to filing for bankruptcy is because bankruptcy law can be quite complex. Not surprisingly, there are many misconceptions and myths floating around about the bankruptcy process. At Jeff Field & Associates, we provide our clients in Douglasville and throughout the state with knowledgeable information about all aspects of bankruptcy law.

Additionally, our practice is devoted entirely to bankruptcy law, and our legal team has more than 70 years of combined experience. As a result, we can explain the following common myths about bankruptcy:

  • Filing for bankruptcy is for financially irresponsible people. Many people make the mistake of thinking that people who file for bankruptcy are irresponsible and don’t understand how to manage their money. Truthfully, many people find themselves in debt after suddenly losing their job, suffering a serious illness or going through a divorce.
  • Bankruptcy discharges all debts. You may have heard that Chapter 7 “wipes the slate clean” or gives you a “fresh start.” While this is true, bankruptcy cannot discharge some debts. Bankruptcy will not eliminate most student loans, child support payments or alimony.
  • Declaring bankruptcy permanently destroys your credit. Does filing for bankruptcy damage your credit? Yes. Is your credit irreparable? No. There are numerous ways to rebuild your credit after you’ve declared bankruptcy. Let out our lawyers guide you towards the best options for you.
  • If you declare bankruptcy, you lose everything. False. Less than one percent (1%) of individuals filing Chapter 7 lose any property.
  • There are no alternatives to bankruptcy. Actually, there are. Depending on your situation, you may be better off enrolling in a credit counseling course or negotiating with your creditors instead of filing for bankruptcy.

Bankruptcy lawyers in Georgia help you understand the law

Have you heard something about bankruptcy that makes you question if it is right for you? Are you in debt and unsure of what to do? At Jeff Field & Associates, our knowledgeable lawyers have a deep understanding of bankruptcy law in Georgia. Whether you live in Douglasville, Lawrenceville, Loganville, Athens or anywhere in the area, our firm can quickly review your case, explain the law to you and advise you of the best method to provide you protection from your creditors.

Sound bankruptcy advice for Georgia residents

Anyone can become overwhelmed by debt. As experienced attorneys, at Jeff Field & Associates we are proud to help clients with even the most complicated bankruptcy cases. To schedule an appointment, call 404-381-1278 or contact us online. Jeff Field & Associates represents clients in Rome, Atlanta, Gainesville, Newnan, Macon and Athens.

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    This is the best Bankruptcy Lawyers ever They treat you with respect and do not judge you for the mistakes you made.Mr.Sleeper and MS.Brown are the best they answered every question I had and if I couldn't reach them they always responded to my voice...

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    Mwells

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    Jeff Fields and Laura Everett were wonderful! It was hard but they were so helpful and with me every step of the way. They answered every question and were very accessible. I hope noone has to experience this road, but if you do, try Jeff Field & Ass...

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    Becky Sharpe

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    5.0/5.0

    I had my concerns about filing initially, but Jeff walked me through the process and with his calm demeanor, made this process not at all as daunting as I initially thought it would become. The process flowed effortlessly and Cassie (a BIG shout out ...

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    Charita Willis

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    5.0/5.0

    Due to medical expenses and serious physical problems I had to file bankruptcy. I was nervous and really depressed about the whole situation. I called Jeff Field & Associates and felt at peace after talking to a lawyer. I decided to go with them and ...

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    Sherri Ellis

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    Outstanding work!! They were great from day 1!!! Thank you

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