Search Site
Menu
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.

Videos
Our Attorneys
Client Reviews
  • lawyers
    5.0/5.0

    Jeff Field & Associates, guided me through my Chapter 13 very smoothly. All my accounts and debt are paid off and my credit scores are all above 700! I highly recommend Jeff Field & Associates.

    Read more

    Client

  • lawyers
    5.0/5.0

    There are several words that come to mind when I think of Jeff Fields & Associates, Athens GA, however, I would just list a few. Some of them ate Professional, factual, caring, compassionate, timely, supportive, and detailed. I found myself in a situ...

    Read more

    Client

  • lawyers
    5.0/5.0

    Mr. Fields and his staff was very professional and they explained everything so it was clear to me and they made sure I understood the process. I would recommend they to all my family and friends especially if they need a very good financial relief l...

    Read more

    Client

  • lawyers
    5.0/5.0

    I had an Impeccable experience with Mr. Fields and his associates! I cannot express my gratitude to them. I called for my free consultation and got an appointment that same week. Mr. Fields answered all my questions and listened to my situation thoro...

    Read more

    Client

  • google
    5.0/5.0

    It was definitely a process due to the COVID pandemic but I am so glad I chose Jeff Fields and Associates. Everyone from the office that I worked with was always polite and responsive to all my questions and needs. I was hesitant on filing because I ...

    Read more

    brandoncade928

See all reviews
Contact us

Please fill out the form below and one of our attorneys will contact you.

Quick Contact Form