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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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    Had a great experience with Jeff Field and Associates. Casey handled my case. They explained everything and kept me informed on things. Everyone who supported me in this time of need was very nice and pleasant. Thank you all so very much for all your...

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    The staff made a very stressful situation much easier to cope with. They treated me with kindness and respect. Chris and Laura are very professional and knowledgeable.

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    The Entire team at Jeff Field and Associates were so helpful throughout the entire process. They were quick with responses and handled everything. They dont make you feel bad about your decision, and provide very helpful advice. Mr. Fields was always...

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    We started our process in October 2021, the process was fast and easy. Casey Brown was there to answer questions via email expeditiously. In 3 months our case was discharged and we are extremely thankful and excited for the future. This truly was a...

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    Joan Bunting

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    I enjoyed working with Jeff and his team. They were always there to help and answer any questions that I had in a timely manner. I highly recommend Jeff Fields and Associates.

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