Richmond Hill Georgia Bankruptcy attorneys – Myths in Bankruptcy

Richmond Hill Georgia Bankruptcy attorneys – Myths in Bankruptcy

The Truth about bankruptcy in Savannah GA

EMPLOYERS WONT HIRE YOU AND YOU WONT BE ABLE TO RENT A HOUSE IF YOU FILE BANKRUPTCY
This is incorrect. Employers do not like to have employees that will be contacted by creditors and their collection tactics at the workplace or at home, because then the employee is unfocused and anxious about their financial condition. Neither does the employer want to deal with the extra accounting due to wage executions. Furthermore, landlords prefer tenants who can utilize their wages to pay rent, not those paying creditors instead.

PRIOR TO FILING, YOU MIGHT AS WELL USE YOUR CREDIT CARDS TO THE MAXIMUM.
This is again false. All large purchases of more than $550 for luxury goods bought within 90 days prior to filing and cash advances of $825 within 70 days before filing will not be discharged. Such activity could result in criminal charges against you. Bankruptcy is not for deceiving creditors and instead for the debtor who is trying to get a new beginning.

YOU SHOULD DO EVERYTHING YOU CAN TO AVOID FILING BANKRUPTCY; INCLUDING CASHING IN 401K SAVINGS
Once again, this is not true. Retirement funds are one of the untouchables, which means they are protected in bankruptcy. If you decide to draw upon your retirement funds prematurely to pay creditors, there will be taxes and penalties on those retirement withdrawals, by the IRS, if not repaid. You should talk to a bankruptcy lawyer to find out what assets of yours will be precluded in a bankruptcy filing.

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Savannah Georgia bankruptcy lawyer | Bankruptcy attorneys in Savannah GA and Richmond Hill – Filing for Chapter 13 Bankruptcy and Chapter 7 Bankruptcy in Savannah GA

http://www.savannahgabankruptcy.com