10 Myths about Bankruptcy Your Creditors Won’t Tell You


This video, https://www.youtube.com/watch?v=rfpqTqmwU8c, can also be seen at https://www.youtube.com/channel/UCqX6LIwEeBJU4sqmj2M0cgQ.MYTHS OF BANKRUPTCY 10 Lies Smeloff & Associates will clear up. Your Creditors Do Not Want You To Read This: Myths of bankruptcy are the bill collectors’ best friend. As long as you go on believing all the malarkey about bankruptcy your creditors know they can continue to pound away at you. They know they are better off if they keep you in.10 Myths about Bankruptcy Your Creditors Won’t Tell You. Search for: Recent Posts. YouTube Algorithm: Why The YouTube AI Triggers Video Views; Do Your Thing and Let the World Come to You; 3 ways to become a property millionaire – Touchstone Education;Myth 10: Even if you file for bankruptcy, creditors will still harass you and your family. Nothing could be further from the truth. The minute your bankruptcy case is filed, the Bankruptcy Court issues an order telling all of your creditors to leave you alone, or else. This order is called the "automatic stay".We set the record straight on some of the most commonly held misconceptions about how bankruptcy impacts credit scores.. What Happens To Your Credit When You Get Evicted?Bankruptcy Myth 5: Filing bankruptcy will hurt your credit for 10 years. Not true. Bankruptcy stays on your credit about 7 to 10 years. Although the bankruptcy will stay on your credit, you can start rebuilding your credit once your bankruptcy is discharged.This is a widespread myth that is patently false. Like many myths it is a twisting of the facts. The fact is that Chapter 7 Bankruptcy stays on the public records part of your credit report for 10 years, and Chapter 13 for 7 years. This myth derives the wrong lesson from the fact that the public records last 10 or 7 years.I’m a Houston Bankruptcy attorney who offers an alternative to filing bankruptcy in Texas.. Skip navigation Sign in. search. jed shaw videos;. 10 Myths about Bankruptcy Your Creditors Won’t.Secret No. 4 – You can keep your home, car, and property in bankruptcy. It’s a common myth that you cannot keep property through a bankruptcy. The truth is, Indiana law allows most, if not all, property to be protected from the bankruptcy trustee and your creditors.Maybe you’ve been with the wise bread community for a long time. Or perhaps, you’ve just discovered us! Either way, we’re glad you’re here, and we want to know what we’re doing right. This week, we’re.