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Bankruptcy Myths

Learn the Truth about Bankruptcy in California

California Bankruptcy AttorneyBankruptcy isn't just for spendthrifts who can't control their charge card habits. Every day, millions of Americans find themselves in over their heads due to unexpected medical bills, prolonged job loss, or suddenly having to take financial responsibility for a relative. Although the consumer credit industry tries to spread the myth that bankruptcy is only for losers and deadbeats, the truth is that bankruptcy laws are designed to help protect average Americans from unexpected financial hardship beyond their control, as any California bankruptcy lawyer will tell you. If you're considering bankruptcy, consult with an experienced California bankruptcy attorney to determine if bankruptcy is right for you. Your California bankruptcy attorney can dispel the many bankruptcy myths and set your mind at ease.

Myth #1: After bankruptcy, your credit is ruined and you won't be able to get a loan or a credit card for a decade.

Truth: To the contrary, your California bankruptcy attorney can explain to you that you are considered a better credit risk after you have eliminated your debt thanks to a bankruptcy proceeding. Why? Consider this: before you consulted with a California bankruptcy attorney and filed for bankruptcy, you were completely overwhelmed by your debts. With bill collectors hounding you at work and at home, mortgages going unpaid, and credit card bills mounting, you had lost the ability to pay your bills on time. Thanks to the California bankruptcy lawyer you hired, your debts were eliminated or reduced. Lenders often recognize that hard-working, responsible get behind on their bills on a fluke, and once their difficult financial circumstances are sorted out by a competent California bankruptcy lawyer, they are once again ready for a new line of credit.

Not everything you hear about bankruptcy is the truth. Michael Shemtoub at the Wilshire Law Group can help you get clear about bankruptcy and make the right decision.

Myth #2: New bankruptcy laws make it very difficult to completely eliminate your debt.

Truth: While the bankruptcy laws implemented in 2005 have made it more difficult to qualify for Chapter 7 bankruptcy, in which your debt can often be completely eliminated, many people considering bankruptcy still qualify. A Chapter 7 bankruptcy lawyer or a Chapter 13 bankruptcy lawyer can explain the different types of bankruptcy to you and help you decide which will work for your situation.

Myth #3: Seniors shouldn't file for bankruptcy because they will lose their homes.

Truth: Most people who file for bankruptcy are able to save their homes when they rely upon an experienced California bankruptcy lawyer, including seniors.

Call on Lawyers Experienced in Debt Relief

For residents of Southern California, especially within the Bakersfield, Fresno, San Jose, San Diego Riverside, Orange County, or Los Angeles areas, finding an experienced California bankruptcy attorney to handle your case is easy: consult the Wilshire Law Group. The Wilshire Law Group will give you a free consultation to help you determine what course of action you should take. Unlike a less competent California bankruptcy attorney, they guarantee to return your call within 24 hours. Pick up the phone and call upon expert debt relief lawyers today.

Are you wondering if bankruptcy is the right decision for your situation? Call (877) 427-2752 and consult with a California bankruptcy attorney at the Wilshire Law Group.

Call 877-4-ASAP-LAW to speak with an attorney now!

 

 
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Michael Shemtoub, California bankruptcy attorney, specializes in chapter 7 bankruptcy in California and chapter 13 bankruptcy in California
Serving California, including, Los Angeles, Beverly Hills, Bakersfield, Fresno, Orange County, Riverside, San Diego, San Jose, Santa Rosa and San Fernando Valley.

Serving the Northern California area, Bay Area, Peninsula, South Bay, East Bay, Monterey, Sacramento, including, San Francisco, Silicon Valley, Oakland, San Jose, Berkeley, Burlingame, San Carlos, Alameda, Santa Clara, Contra Costa, Marin, Napa, San Mateo, Palo Alto, East Palo Alto, Sonoma, South San Francisco, Atherton, Belmont, Brisbane, Colma, Daly City, Half Moon Bay, Hillsborough, Millbrae, Pacifica, Portola Valley, Redwood Shores, San Bruno, Woodside, Campbell, Cupertino, Los Altos, Los Altos Hills, Los Gatos, Los Gatos-Monte Sereno, Milpitas, Morgan Hill, Mountain View, Saratoga, Sunnyvale, East Palo Alto, Foster City, Fremont, Gilroy, Menlo Park, Newark, Redwood City, Hayward, Newark, Union City, Emeryville, Piedmont, Castro Valley, Albany, San Leandro, San Pablo, El Sobrante, Pinole, Hercules, Rodeo, El Cerrito, Lafayette, Moraga, Orinda, Walnut Creek, San Ramond, Concord, Martinez, Pleasant Hill, Pittsburg, Antioch, Brentwood, Oakley, Dublin, Pleasanton, Livermore, Alamo, Danville, Diablo, Belvedere-Tiburon, Ross, Sausalito, San Francisco Financial District, Cow Hollow, Marina District, Russian Hill, Nob Hill, Pacific Heights, Del Monte Forest, Emerald Lake Hills, Loyola, Muir Beach, Alamo, Mill Valley, Stinson Beach, Larkspur, Tamalpais, Lexington Hills, Corte Madera, Granite Bay, Sunol, North Woodbridge, Stockton, Monterrey, Montara, Rancho Murieta, Gold River, Clayton, San Anselmo, Discovery Bay, Moss Beach, Waldon, East Oakdale, and El Dorado Hills.

Serving the Southern California area, Los Angeles, Inland Empire, Orange County, San Diego, Long Beach, Santa Ana, Anaheim, Bakersfield, Riverside, Chula Vista, Irvine, Glendale, San Bernardino, Huntington Beach, including the LA Metro, the LA Basin, including Downtown Los Angeles, Ventura, Encino, Hollywood, Culver City, West Los Angeles, Los Feliz, Silverlake, Echo Park, West Hollywood, East Los Angeles, San Gabriel Valley, Venice, Pasadena, Santa Monica, Beverly Hills, Century City, Burbank, Altadena, Norwalk, Cerritos, City of Commerce, East Los Angeles, South Pasadena, El Monte, Lynwood, Florence, Whittier, Hawthorne, Gardena, Paramount, Cypress, Carson, Lakewood, Rancho Verdes, Garden Grove, Seal Beach, Torrance, Redondo Beach, Manhattan Beach, Sacramento, Fresno, San Luis Obispo, Westwood, Marina Del Rey, Malibu, San Fernando Valley, Van Nuys, Costa Mesa, La Jolla, Del Mar, El Cajon, Escondido, Oceanside, Carlsbad, Orange, Palmdale, Lancaster, Thousand Oaks, Simi Valley, South Bay, Pomona, Santa Ana, Ontario, Fontana, Palm Springs, Indian Wells, Rancho Mirage, Westchester, La Mirada, Panorama City, Newport Beach, Rancho Santa Margarita, Rancho Cucamonga, Rancho Bernardo, Mission Valley, Plaza Del Mar, La Jolla, Carmel Valley, Rancho Santa Fe, Woodland Hills, San Gabriel Valley, Rolling Hills, Fair Banks Ranch, Hidden Hills, Montecito, San Joaquin Hills, San Marino, Bradbury, Westlake Village, La Ca'ada Flintridge, Solana Beach, Calabasas, Rancho Palos Verdes, Toro Canyon, Carmel-by-the-Sea, Granite Bay, Tustin, Tracy, Summerland, and Sierra Madre.

Disclaimer: The information contained in this website is not intended to create an attorney-client relationship, and such a relationship is not created by using this website. If you send an e-mail to our firm, you agree that sending us an e-mail will not make you a client of our firm. Until we agree to represent you, anything you send us may not be confidential or privileged. The information included in this site is not, nor is it intended to be, legal advice. Please consult an attorney directly for legal advice. The information in this website is general in nature; the reader is strongly encouraged to consult with an attorney before relying on any information so that an attorney can thoroughly review the facts applicable to the reader's specific situation. Any reliance on the information contained in this website is taken at the reader's own risk. Wilshire Law Group is not responsible for the content of any web site linked to or from this web site.

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