Don’t Believe The Bankruptcy Myths

If you have talked to anyone about the possibility of bankruptcy, no doubt you have heard as many differing opinions as people you have talked to. Do not listen to the various bankruptcy myths that only cause confusion and anxiety. Talk with an experienced lawyer who can help you understand the truth and find the debt relief you need.

At The Law Offices of Ronald I. Chorches, based in Hartford, Connecticut, we bring decades of experience and knowledge to every case we handle. Attorney Ronald I. Chorches and our entire team are committed to helping you understand your options and make smart choices for your financial future.

Filing For Bankruptcy Is A Personal Failure To Manage My Finances

This is simply not true. Not only have many successful people filed for bankruptcy, but bankruptcy is rarely the personal fault of the person filing. More often, the substantial debt that causes people to file for bankruptcy comes from sudden medical emergencies, inadvertent job losses or the simple fact of rising costs in a struggling economy.

Chapter 7 and Chapter 13 bankruptcy are useful if you need to find a fresh financial start, and we are here to help you.

Bankruptcy Will Ruin My Credit

The reality is that, in most cases, bankruptcy helps people improve their credit scores in the long term. Although your credit score could result in a credit score dip at first, bankruptcy will put you in a position to be clear of excessive debt, where you can begin rebuilding your credit.

We often see former clients receiving new car loans within a year after receiving bankruptcy relief, and FHA home mortgages after only two years. Even credit cards will become available.

Although creditors will never advertise or tell about how bankruptcy can free you from debt and allow you to repair your credit, we know that this is true. Talk with a lawyer to discuss your options.

Everyone Will Know I Am Considering Bankruptcy

Although finalized bankruptcies can become public knowledge, there is no risk in considering your options. Attorney Ronald I. Chorches and our entire team take our clients’ confidentiality seriously. For most of our clients who go through bankruptcy, it is worth it. And it is important to note that we do not simply lead every client into bankruptcy proceedings. We will explore every option for your debt relief, and we will only recommend bankruptcy if we are confident that this is the best approach for you.

Free Confidential Consultations ∙ Contact Us Today

We invite you to meet with us in a professional, confidential setting. We will look at your finances and provide you with a recommendation for debt relief, at no cost to you. Call us at 860-952-3878 or email us to schedule your free initial consultation.