Bankruptcy Myths

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Bankruptcy Ruins Your Credit

  • This is not true! In fact most people filing bankruptcy already have a low credit score, but by filing bankruptcy and beginning to make on time payments you can start restoring your credit in as little as 2 years.

If I file bankruptcy my house will be taken away.

  • This is also not true! Bankruptcy exemptions allow you to keep many of your personal possessions, assets, and property. Often filing a bankruptcy can save your house if it is about to be foreclosed!

Filing bankruptcy means creditors will harass me even more!

  • ​Just like the other myths, this is also not true! In fact when filing bankruptcy the court will inform all your creditors to stop all collection attempts or else the creditors will face legal repercussions! So if you have tons of creditors banging on your doors schedule aconsultation with Taylor Law today!

Call us today at 336.376.7060 or 919.304.7060 and set up an appointment!

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